Sources of Medicare Financing
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.
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General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
https://www.pgpf.org/chart-archive/0234_transfer_programs_share_income
By the Numbers: 2021 Trustees Reports.
https://www.pgpf.org/chart-archive/0321_trustees_reports_2021
Federal outlays for highways and mass transit are projected to continue outstripping the revenues that finance them.
https://www.pgpf.org/chart-archive/0283-outlays-revenues-highways
Most federal revenues come from individual income and payroll taxes
Unlike during other recessions, revenues from the capital gains tax have remained relatively steady throughout the COVID-19 pandemic.
https://www.pgpf.org/chart-archive/0317_capital_gains_revenues
SNAP benefits supplement household incomes to help lift people out of poverty.
https://www.pgpf.org/chart-archive/0264_snap_supplements_income
The national debt has risen dramatically over the past year.
https://www.pgpf.org/chart-archive/0322_debt_projection_next_year
The growing debt is caused by a structural mismatch between spending and revenues.