Balancing Federal government Budget Article

Jared Owen

| Revenues (in millions of dollars)

| Individual Income Taxes| Corporate Income Taxes| Social Insurance and Retirement Receipts| Bar Taxes| Other| Total| 2011 Federal Budget| 1, 091, 473| 181, 085| 818, 792| seventy two, 381| 139, 735| a couple of, 303, 466| Your Budget| $1, 391, 473| $187, 946| hundreds of dollars, 000| $65, 256| $159, 000| $2, 603, 675| Difference| +$300, 000| +$6, 861| -$18, 792| -$7, 125| +$19, 265| +$303, 166

| Expenditures (in millions of dollars)

| 050 National Defense| Total-Spending categories 150-450| 500 Education| 550 Health| 570 Medicare| 600 Profits Security| 600 Social Security| Total-Spending types 700-950| Total| 2011 Government Budget| 705, 625| 257, 662| tips, 233| 372, 500| 485, 653| 597, 352| 730, 811| 352, 225| three or more, 603, 061| Your Budget| $505, 644| $200, 632| $110, 000| $250, 500| $479, 222| $407, 123| $450, 351| 200, 203| 2, 603, 675| Difference| -$199, 981| -$57, 030| +$8, 767| -$122, 000| -$6, 431| -$190, 229| -$280, 460| -$152, 022| -$999, 386

I am going to enhance the individual income tax which might anger people; on the other hand I was lowering the excise taxes which is pertaining to gas, etc . I was also bringing up corporate income taxes because big franchise companies can afford to give up some of their cash flow to be able to give more somewhere else. I thought lowering the cultural insurance and retirement statements was a wise decision because there are courses and benefits that are currently implemented in to this as well as the extra money will probably be put in areas that do not need extra support and count just right on inflow. My spouse and i increased the other category because as it incorporates multiple programs, the best increase will be spread across a lot of different programs therefore , to each individual program it will not be a major increase. I actually lowered the National Security spending because since we all won the war overseas, we are taking more and more soldiers home and even though it is not a " total peace time, ” do not have to dedicate as much as the...