Instructions For Form 1040ez - Income Tax Return - Internal Revenue Service - 2010 Page 37
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40Major Categories of Federal Income and Outlays for Fiscal Year 2009
Income and Outlays. These pie charts show the relative sizes of the major categories of federal income and outlays for fiscal year 2009.
Income
Outlays*
Social security, Medicare,
Personal income
Law enforcement and
Social security,
and unemployment and other
taxes
general government
Medicare, and other
retirement taxes
26%
2%
retirement 1
25%
34%
Social
programs
4
21%
National defense,
Excise, customs, estate,
Corporate
Physical, human,
Borrowing to
veterans, and foreign
gift, and miscellaneous
income taxes
Net interest on
and community
affairs 2
cover deficit
taxes
4%
the debt
development 3
22%
40%
5%
5%
15%
* The percentages for outlays do not total 100% due to rounding.
On or before the first Monday in February of each year, the
2. National defense, veterans, and foreign affairs: About
President is required by law to submit to the Congress a
22% of outlays were to equip, modernize, and pay our
budget proposal for the fiscal year that begins the following
armed forces and to fund national defense activities;
October. The budget plan sets forth the President’s proposed
about 3% were for veterans benefits and services; and
receipts, spending, and the surplus or deficit for the Federal
about 1% were for international activities, including mili-
Government. The plan includes recommendations for new leg-
tary and economic assistance to foreign countries and the
islation as well as recommendations to change, eliminate, and
maintenance of U.S. embassies abroad.
add programs. After receiving the President’s proposal, the
3. Physical, human, and community development: These
Congress reviews it and makes changes. It first passes a
outlays were for agriculture; natural resources; environ-
budget resolution setting its own targets for receipts, outlays,
ment; transportation; aid for elementary and secondary
and surplus or deficit. Next, individual spending and revenue
education and direct assistance to college students; job
bills that are consistent with the goals of the budget resolu-
training; deposit insurance, commerce and housing credit,
tion are enacted.
and community development; and space, energy, and
In fiscal year 2009 (which began on October 1, 2008, and
general science programs.
ended on September 30, 2009), federal income was $2.105
4. Social programs: About 13% of total outlays were for
trillion and outlays were $3.518 trillion, leaving a deficit of
Medicaid, food stamps, temporary assistance for needy
$1.413 trillion.
families, supplemental security income, and related pro-
Footnotes for Certain Federal Outlays
grams; and the remaining outlays were for health research
and public health programs, unemployment compensa-
1. Social security, Medicare, and other retirement: These
tion, assisted housing, and social services.
programs provide income support for the retired and dis-
abled and medical care for the elderly.
Note. The percentages on this page exclude undistributed offsetting receipts, which were $93 billion in fiscal year 2009. In the budget, these receipts are offset
against spending in figuring the outlay totals shown above. These receipts are for the U.S. Government’s share of its employee retirement programs, rents and
royalties on the Outer Continental Shelf, and proceeds from the sale of assets.
- 37 -
Instructions for Form 1040EZ
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