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Congressional Budget Office The Distribution of Federal Spending and Taxes in 2006
December 3, 2013
C O N G R E S S I O N A L B U D G E T O F F I C E
Congressional Budget Office December 3, 2013 The Distribution of - - PowerPoint PPT Presentation
Congressional Budget Office December 3, 2013 The Distribution of - - PowerPoint PPT Presentation
Congressional Budget Office December 3, 2013 The Distribution of Federal Spending and Taxes in 2006 Molly Dahl, Microeconomic Studies Division Kevin Perese, Tax Analysis Division Overview Extends prior CBO distributional analyses by including
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C O N G R E S S I O N A L B U D G E T O F F I C E
Federal Spending and Revenues, 2006
Federal Spending $2.4 Trillion $2.7 Trillion Federal Revenues
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C O N G R E S S I O N A L B U D G E T O F F I C E
Allocated Federal Spending and Revenues, 2006
Federal Spending $2.4 Trillion $2.3 Trillion Federal Revenues
Analyzed the distribution of most federal spending (88 percent), and virtually all federal taxes (98 percent) in calendar year 2006
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C O N G R E S S I O N A L B U D G E T O F F I C E
Categories of Federal Spending, 2006
Cash and Near-Cash Transfers
$785 Billion
Cash Transfers Social Security Refundable Tax Credits SSI UI TANF Means-Tested Veterans’ Benefits Black Lung Disability Near-cash Transfers SNAP Housing Assistance Pell Grants Child Nutrition Programs WIC LIHEAP
Social Security
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C O N G R E S S I O N A L B U D G E T O F F I C E
Categories of Federal Spending, 2006
Cash and Near-Cash Transfers Health Care Transfers
$785 Billion $481 Billion
Medicare Medicaid and CHIP Means-Tested Veterans’ Health Benefits
Social Security Medicare
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C O N G R E S S I O N A L B U D G E T O F F I C E
Categories of Federal Spending, 2006
Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services
$785 Billion $481 Billion $1,080 Billion
National Defense Other HHS Education OPM Transportation Other Veterans Affairs Agriculture Justice Energy Other
National Defense Social Security Medicare
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C O N G R E S S I O N A L B U D G E T O F F I C E
Categories of Federal Spending, 2006
Unallocated Spending Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services
Social Security National Defense Medicare Interest on Debt $785 Billion $481 Billion $1,080 Billion $312 Billion Total Spending: $2.7 Trillion Interest On Debt
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Cash and Near-Cash Transfers, by Type of Household, 2006
100 200 300 400 500
Other
(Billions of dollars)
Elderly Social Security Nonelderly Without Children Nonelderly With Children
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Health Care Transfers, by Type of Household, 2006
100 200 300 400 500 (Billions of dollars)
Elderly Medicare Medicaid and Other Nonelderly Without Children Nonelderly With Children
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C O N G R E S S I O N A L B U D G E T O F F I C E
Federal Taxes, by Type of Household, 2006
400 800 1,200 (Billions of dollars)
Elderly Nonelderly Without Children Nonelderly With Children
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C O N G R E S S I O N A L B U D G E T O F F I C E
Average Transfers, Taxes, and Transfers Minus Taxes, by Type of Household, 2006
- 20,000
- 10,000
10,000 20,000 30,000 (Dollars per household)
Elderly Nonelderly without Children Nonelderly with Children Transfers minus Taxes Taxes Transfers
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C O N G R E S S I O N A L B U D G E T O F F I C E
Federal Spending, 2006
Unallocated Spending Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services
$785 Billion $481 Billion $1,080 Billion $312 Billion Total Spending: $2.7 Trillion
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C O N G R E S S I O N A L B U D G E T O F F I C E
Federal Spending on Other Goods and Services, by Type of Household, 2006
200 400 600 (Billions of dollars)
Elderly Nonelderly without Children Nonelderly with Children Allocated by Share
- f
Population Allocated by Share
- f
Market Income
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C O N G R E S S I O N A L B U D G E T O F F I C E
Average Spending Minus Taxes, by Type of Household, 2006
- 20,000
- 10,000
10,000 20,000 30,000 (Dollars per household)
Elderly Nonelderly without Children Nonelderly with Children Transfers plus Other G&S (by Share of Population) minus Taxes Transfers plus Other G&S (by Share of Market Income) minus Taxes Transfers minus Taxes
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending and Revenues Allocated to Nonelderly Households
Federal Spending $2.4 Trillion $2.7 Trillion Federal Revenues $1.5 Trillion $2 Trillion
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Nonelderly Households
$1.5 Trillion Cash and Near-Cash $175 Billion Other Goods and Services $375 Billion Health Care $920 Billion
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Cash and Near-Cash Transfers for Nonelderly Households
Cash and Near-Cash Transfers By Income Group $375 Billion Lowest Quintile
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Cash and Near-Cash Transfers for Nonelderly Households, by Income Group and Transfer
100 200 (Billions of dollars)
Lowest Quintile Highest Quintile Middle Quintile Social Security Other Cash Transfers Near- Cash Transfers
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Health Care Transfers for Nonelderly Households
Health Care Transfers By Income Group $175 Billion Lowest Quintile
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Health Care Transfers for Nonelderly Households, by Income Group and Transfer
100 (Billions of dollars)
Lowest Quintile Highest Quintile Middle Quintile Medicare Medicaid and Other
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C O N G R E S S I O N A L B U D G E T O F F I C E
Spending on Transfers for Nonelderly Households, by Income Group
100 200 300 (Billions of dollars)
Lowest Quintile Highest Quintile Middle Quintile
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C O N G R E S S I O N A L B U D G E T O F F I C E
Taxes Paid by Nonelderly Households
$2 Trillion Highest Quintile
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C O N G R E S S I O N A L B U D G E T O F F I C E
Average Market Income Plus Transfers Minus Taxes for Nonelderly Households
50,000 100,000 150,000 200,000 250,000 300,000 (Dollars per household)
Lowest Quintile Highest Quintile Middle Quintile
UP 101% DOWN 14% DOWN 27%
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C O N G R E S S I O N A L B U D G E T O F F I C E
Federal Spending on Other Goods and Services for Nonelderly Households
Other Goods and Services $920 Billion Lowest Quintile Allocated by Share of Population Allocated by Share of Market Income
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C O N G R E S S I O N A L B U D G E T O F F I C E
Average Spending Minus Taxes for Nonelderly Households
- 75,000
- 50,000
- 25,000
25,000
Transfers minus Taxes
(Dollars per household)
Lowest Quintile Highest Quintile Middle Quintile Transfers plus Other G&S (by Share of Population) minus Taxes Transfers plus Other G&S (by Share of Market Income) minus Taxes
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C O N G R E S S I O N A L B U D G E T O F F I C E