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What percentage of income tax goes to welfare program

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What percentage of income tax goes to welfare program
Submitted: 9 years ago.Category: Tax
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10/9/2008
Tax Professional: jgordosea, Enrolled Agent replied 9 years ago
jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3,161
Experience: I've prepared all types of taxes since 1987.
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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.


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