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jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3159
Experience:  I've prepared all types of taxes since 1987.
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What percentage of income tax goes to welfare program

Customer Question

What percentage of income tax goes to welfare program
Submitted: 8 years ago.
Category: Tax
Expert:  jgordosea replied 8 years ago.

Greetings,

 

Almost half of the money spent by the federal government is for entitlement programs.

 

From Federal entitlement programs more costly :

Social Security, Medicare and Medicaid accounted for more than $1 trillion in the 2004 budget year, according to the Consolidated Federal Funds Report released Tuesday by the Census Bureau. Overall federal spending was $2.2 trillion, an increase of 5 percent from 2003.

 

Also see the charts and tables at Federal Budget and Spending for various spending categories.

I hope this information is helpful for you.