General Discussion
In reply to the discussion: If you make $50,000 per year .... [View all]NewJeffCT
(56,848 posts)Just the defense budget of the federal government is $670 billion, or about 4.2% of the total GDP. At $50,000 of income, your income tax rate is 25%. You're also paying into Medicare, Unemployment and Social Security. Let's say 35% total, or about 1/3 is federally taxed to keep it simple. So, federal defense spending would be $2,135/3, or $712, out of the $50,000 income paid for national defense.
This does not count private defense industry sales going to individuals, towns, cities and states, as well as to overseas clientele that are not included in the federal budget. This also does not include Homeland Security, which is not 100% defense, as they have immigration and a few other things under their umbrella.
Similarly, Medicare & Medicaid are $940 billion, or $2,997/3=$999, of a $50,000 income paid for Medicare/Medicaid
Social Security is $883 billion, or $2,815/3=$938 of a $50,000 income.
SNAP is about $80 billion, or a mere $255/3 or $85 paid for SNAP.
NASA's budget was under $18 billion last year, or $56.75/3=$18.91 paid for NASA.
the EPA's budget is half of NASA, so only about $9.45 towards Environmental Protection...
The corporate welfare total is not 16 times the defense budget, either. It's way too high, but not that high.