1040 Ez Instructions 2015 Page 41
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44Estimated Average Taxpayer Burden for Individuals by Activity
Average Time Burden (Hours)
Average
Percentage
Total
Record
Tax
Form Completion
All
Cost
Primary Form Filed
of Returns
Time
Keeping
Planning
and Submission
Other
(Dollars)
1040EZ
12
5
1
1
2
1
$40
. . . . . . . . . . . . . . .
Detail may not add to total time due to rounding. Dollars rounded to the nearest $10.
Major Categories of Federal Income and Outlays for Fiscal Year 2014
Income and Outlays. These pie charts show the relative sizes of the major categories of federal income and outlays for scal year 2014.
Income
Outlays*
Net
Physical,
Law
Personal income
interest
Social security,
human, and
Social security, Medicare,
enforcement
taxes
on the
Medicare, and other
community
and unemployment and other
and general
40%
debt
retirement
1
development
3
retirement taxes
government
6%
42%
5%
29%
2%
Excise, customs,
Social
estate, gift, and
programs
4
Corporate
miscellaneous
National defense,
22%
taxes
Borrowing to
income taxes
veterans, and foreign
cover de cit
9%
8%
affairs
2
14%
22%
* Numbers may not total to 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 budget
17% of Federal outlays were to equip, modernize, and pay
proposal for the fiscal year that begins the following October. The
our armed forces and to fund national defense activities; 4%
budget plan sets forth the President's proposed receipts, spend-
were for veterans' benefits and services; and about 1% were
ing, and the surplus or deficit for the Federal Government. The
for international activities, including military and economic
plan includes recommendations for new legislation as well as rec-
assistance to foreign countries and the maintenance of Uni-
ommendations to change, eliminate, and add programs. After re-
ted States embassies abroad.
ceipt of the President's proposal, the Congress reviews the pro-
3. Physical, human, and community development: These
posal and makes changes. It first passes a budget resolution set-
outlays were for agriculture; natural resources; environment;
ting its own targets for receipts, outlays, and surplus or deficit.
transportation; aid for elementary and secondary education
Next, individual spending and revenue bills that are consistent
and direct assistance to college students; job training; de-
with the goals of the budget resolution are enacted.
posit insurance, commerce and housing credit, and com-
In fiscal year 2014 (which began on October 1, 2013, and
munity development; and space, energy, and general sci-
ended on September 30, 2014), Federal income was $3.021 tril-
ence programs.
lion and outlays were $3.506 trillion, leaving a deficit of $485 bil-
4. Social programs: About 16% of total outlays were for Med-
lion.
icaid, food stamps, temporary assistance for needy families,
supplemental security income, and related programs; and
Footnotes for Certain Federal Outlays
the remaining outlays were for health research and public
health programs, unemployment compensation, assisted
housing, and social services.
1. Social security, Medicare, and other retirement: These
programs provide income support for the retired and disa-
bled and medical care for the elderly.
Note. The percentage calculations in this section and the dollar chart for outlays exclude undistributed offsetting receipts, which were $88 billion in 2014. In the budget, these receipts are offset against
spending in the calculation of the outlay total. 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.
-41-
Instructions for Form 1040EZ
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