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What comprises federal spending and revenues?

April 26, 2017comprises Federal revenues Spending

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What comprises federal spending and revenues?

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The federal government will collect $2.057 trillion in revenues in 2005, according to CBO projections. Individual income taxes make up $899 billion of the amount, or 43.7 percent. Total federal government spending (including Social Security) for 2005 is projected to be $2.425 trillion. “On-budget” spending, which excludes Social Security and net spending of the Postal Service, will be $2.024 trillion. “Off-budget” spending will be $401 billion.