[request] how accurate is this assessment?

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image showing [request] how accurate is this assessment?

rcarroll58 on February 17th, 2020 at 13:36 UTC »

The US federal budget is about 4.45 trillion dollars. I found something that said the feds pay out 100 billion or 0.1 trillion in corporate subsidies a year (let’s just assume that is accurate). That would make corporate subsidies about 2.24% of the US budget. The tax burden on a 35 year old single male with no dependents and an income of $50,000 is $4,342. So he would pay about $97.26 towards corporate subsidies annually. Of course we ran a federal deficit of 1.08 trillion last year meaning we only collected $0.7573 for every $1 spent so Joe Blow really only paid ~$73.65 to support corporate subsidies.

Edit: these are direct corporate subsidies based on the first result from a google search. It’s not intended to be a economics thesis on calculating indirect corporate subsidies. Just some back of the envelope calculations, take em or leave em.

rcarroll58 on February 17th, 2020 at 13:40 UTC »

Also the SNAP budget was about 70 billion last year so following the same set of variables outlined above Joe Blow paid ~$51.56 to support food stamps last year.

SadisticTsar on February 17th, 2020 at 15:01 UTC »

According to this source the US budget consists of $4.829 trillion. $1.151 trillion (23.835%) is spend on social welfare programs, of which the SNAP (food stamps) make up about 4.961% ($57.1 billion) meaning food stamps make up roughly 1.182% of the us annual budget.

According to this source the US government spends $100 billion on corporate subsidies, (2.071% of annual budget)

In the US, someone making $50,000 will pay $5,638.50 in taxes, meaning roughly $116 will go towards corporates subsidies and $66 will go towards food stamps. So not very accurate.