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.
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.
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.
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.