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and i want to know deficit Answer the Questions Based on Data 1, What are the mandatory programs paid by the federal government? 2. Which

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and i want to know deficit

image text in transcribedimage text in transcribed Answer the Questions Based on Data 1, What are the mandatory programs paid by the federal government? 2. Which mandatory program does the federal government spend the most money on? 3. The largest sources of income for the federal government are and 4. Spending on discretionary programs will increase by how much in 2026? 5, Spending on mandatory programs will increase by how much in 2026? 6, What percent of total spending was spent on Medicare in 2023? 7, Deficit spending will increase by in 2026. 8. What percent of total income was income from Social Security payroll tax in 2023? 9. What is the expected income from excise tax in 2025? 10. What percent of total income will be from excise tax in 2025?Answer the Questions Based on Data 1, What are the mandatory programs paid by the federal government? 2. Which mandatory program does the federal government spend the most money on? 3. The largest sources of income for the federal government are and 4. Spending on discretionary programs will increase by how much in 2026? 5, Spending on mandatory programs will increase by how much in 2026? 6, What percent of total spending was spent on Medicare in 2023? 7, Deficit spending will increase by in 2026. 8. What percent of total income was income from Social Security payroll tax in 2023? 9. What is the expected income from excise tax in 2025? 10. What percent of total income will be from excise tax in 2025?Table S-3. Baseline by Category ' (In billions of dollars) Totals 2025- 2025- 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2029 2034 Outlays: Discretionary programs: Defense ...... 806 852 884 902 923 938 958 972 998 1,022 1,046 1,070 4,604 9,712 Non-defense ...... . .... 912 965 995 993 1,003. 1,009 1,019 1,033 1,054 1,087 1,112 1.136 5,019 10,441 Subtotal, discretionary programs .. .. . . ............... Mandatory programs: Social Security .... . ... . .......... 1,348 1,452 1,543 1,637 1,730 1,824 1,919 2,018 2,118 2,221 2,325 2,432 8,653 19,767 Medicare . . . ...... 839 839 936 997 1.075 1,219 1,176 1.335 1,423 1.534 1,789 1,766 5,402 13,249 Medicaid 616 567 587 622 662 701 742 785 833 885 940 996 3,314 7,752 Other mandatory programs 955 1,308 1,038 1,038 1,037 1,041 1,106 1,174 1,191 1,230 1,285 1,291 5,260 11,431 Subtotal, mandatory programs 3,758 4,165 4,104 4,294 4,503 4,786 1,943 5,311 5,565 5,870 6,339 6,484 22,629 52,199 Net interest ..... .. ..... 658 890 969 1,022 1,088 1,158 1,220 1,278 1,347 1,425 1,500 1,572 5.457. 12,579 Total outlays Receipts: Individual income taxes .... 2,176 2,510 2,639 2,915 3,145 3,325 3,496 3,658 3,848 4,055 4,265 4,486 15,520 35,834 Corporation income taxes .... 420 520 467 453 440 454 483 494 512 550 559 570 2,297 4,982 Social insurance and retirement receipts: Social Security payroll taxes . ...... 1,194 1,240 1,285 1,343 1,399 1,469 1,528 1,592 1 ,658 1,725 1,817 1,887 7,023 15,702 Medicare payroll taxes .. 358 384 399 415 433 456 475 496 518 540 570 593 2,178 4,894 Unemployment insurance . . ..... 49 54 56 59 62 64 64 67 70 71 73 78 306 664 Other retirement ... 14 14 14 15 16 16 17 18 18 19 20 21 78 175 Excise taxes .......... ... ... 76 97 97 100 100 99 101 103 103 104 105 105 497 1,016 Estate and gift taxes 34 29 31 33 49 51 53 56 60 65 70 75 218 543 Customs duties .................... 80 81 61 53 53 55 57 59 61 53 56 58 277 564 Deposits of earnings, Federal Reserve System ................. . . ....". . . . . . ... . . ....... 25 40 51 62 71 79 85 90 116 503 Other miscellaneous receipts 10 35 37 40 43 47 51 56 60 63 66 68 218 530 Deficit .... Net interest ...... 658 890 969 1,022 1,088 1,158 1,220 1,278 1,347 1,425 1,500 1,572 5,457 12,579 Primary deficit ............ 1,035 1,019 896 762 664 657 544 655 638 655 814 661 3,523 6,945 On-budget deficit ..........> 1,666 1,837 1,753 1,648 1,590 1,637 1,550 1,692 1,712 1,770 1,990 1,872 8,179 17,214 Off-budget deficit .. . . 27 72 112 186 162 178 213 241 273 310 323 361 801 2,310 Baseline estimates are on the basis of the economic assumptions shown in Table S-9, which incorporate the effects of the Administration's fiscal policies. SUMMARY TATable S-3. Baseline by Category ' (In billions of dollars) Totals 2025- 2025- 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2029 2034 Outlays: Discretionary programs: Defense ...... 806 852 884 902 923 938 958 972 998 1,022 1,046 1,070 4,604 9,712 Non-defense ...... . .... 912 965 995 993 1,003. 1,009 1,019 1,033 1,054 1,087 1,112 1.136 5,019 10,441 Subtotal, discretionary programs .. .. . . ............... Mandatory programs: Social Security .... . ... . .......... 1,348 1,452 1,543 1,637 1,730 1,824 1,919 2,018 2,118 2,221 2,325 2,432 8,653 19,767 Medicare . . . ...... 839 839 936 997 1.075 1,219 1,176 1.335 1,423 1.534 1,789 1,766 5,402 13,249 Medicaid 616 567 587 622 662 701 742 785 833 885 940 996 3,314 7,752 Other mandatory programs 955 1,308 1,038 1,038 1,037 1,041 1,106 1,174 1,191 1,230 1,285 1,291 5,260 11,431 Subtotal, mandatory programs 3,758 4,165 4,104 4,294 4,503 4,786 1,943 5,311 5,565 5,870 6,339 6,484 22,629 52,199 Net interest ..... .. ..... 658 890 969 1,022 1,088 1,158 1,220 1,278 1,347 1,425 1,500 1,572 5.457. 12,579 Total outlays Receipts: Individual income taxes .... 2,176 2,510 2,639 2,915 3,145 3,325 3,496 3,658 3,848 4,055 4,265 4,486 15,520 35,834 Corporation income taxes .... 420 520 467 453 440 454 483 494 512 550 559 570 2,297 4,982 Social insurance and retirement receipts: Social Security payroll taxes . ...... 1,194 1,240 1,285 1,343 1,399 1,469 1,528 1,592 1 ,658 1,725 1,817 1,887 7,023 15,702 Medicare payroll taxes .. 358 384 399 415 433 456 475 496 518 540 570 593 2,178 4,894 Unemployment insurance . . ..... 49 54 56 59 62 64 64 67 70 71 73 78 306 664 Other retirement ... 14 14 14 15 16 16 17 18 18 19 20 21 78 175 Excise taxes .......... ... ... 76 97 97 100 100 99 101 103 103 104 105 105 497 1,016 Estate and gift taxes 34 29 31 33 49 51 53 56 60 65 70 75 218 543 Customs duties .................... 80 81 61 53 53 55 57 59 61 53 56 58 277 564 Deposits of earnings, Federal Reserve System ................. . . ....". . . . . . ... . . ....... 25 40 51 62 71 79 85 90 116 503 Other miscellaneous receipts 10 35 37 40 43 47 51 56 60 63 66 68 218 530 Deficit .... Net interest ...... 658 890 969 1,022 1,088 1,158 1,220 1,278 1,347 1,425 1,500 1,572 5,457 12,579 Primary deficit ............ 1,035 1,019 896 762 664 657 544 655 638 655 814 661 3,523 6,945 On-budget deficit ..........> 1,666 1,837 1,753 1,648 1,590 1,637 1,550 1,692 1,712 1,770 1,990 1,872 8,179 17,214 Off-budget deficit .. . . 27 72 112 186 162 178 213 241 273 310 323 361 801 2,310 Baseline estimates are on the basis of the economic assumptions shown in Table S-9, which incorporate the effects of the Administration's fiscal policies. SUMMARY TA

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