3 ms·
can you cite a source for 60% of federal taxes going to military spending?
by leetcrew 8y ago
can you cite a source for 60% of federal taxes going to military spending?
- AlexTWithBeard 8y agoThe first link on google: https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud... claims 54% on "military" and additional 6% on "veteran's affair"
- onlyrealcuzzo 8y agoThat's not accounting for payroll taxes like Social Security, Medicare, and Medicaid -- right? Because those, combined with debt service, make up a HUGE portion of the federal budget.
- leetcrew 8y agoyeah that is out of the discretionary budget, which is roughly a fourth of the total budget. the government also spends more money than it collects in taxes, so the 60% figure doesn't have much to do with what fraction of your tax dollars actually get spent on the military.
- yarosv 8y ago~54% according to the breakdown on wiki[0] [0]: https://en.wikipedia.org/wiki/2018_United_States_federal_budget https://en.wikipedia.org/wiki/2018_United_States_federal_bud...
- yarosv 8y agoAs noted above and below, this is not full budget. Please ignore this comment.
- dumbfoundded 8y agoIt's not 60% of federal taxes: https://www.nationalpriorities.org/budget-basics/federal-budget-101/spending/ https://www.nationalpriorities.org/budget-basics/federal-bud... It's 60% of discretionary spending or around 18% of all federal spending. The biggest programs are entitlements: social security and medicare.
- AlexTWithBeard 8y agoOopsie! You are right and I am wrong. :o(