Below is a list of the best Social security as a percentage of federal budget voted by readers and compiled and edited by our team, let’s find out
Table of Contents
1 The State of Social Security – The Heritage Foundation
- Author: heritage.org
- Published: 03/26/2022
- Review: 4.98 (989 vote)
- Summary: In terms of the size of the economy, Social Security spending is projected to grow by 20 percent over the next 10 years, from 5 percent of gross domestic
- Detail: https://www.heritage.org/social-security/heritage-explains/the-state-social-security
2 Graphics | Congressional Budget Office
- Author: cbo.gov
- Published: 01/02/2022
- Review: 4.59 (500 vote)
- Summary: Mandatory spending by the federal government totaled $2.7 trillion in 2019, of which $1.7 trillion was for Social Security and Medicare. Graphic. Revenues in
- Detail: https://www.cbo.gov/publication/most-recent/graphics
3 Social Security Spending Analysis – USGovernmentSpending.com
- Author: usgovernmentspending.com
- Published: 07/21/2022
- Review: 4.52 (353 vote)
- Summary: Social Security benefits cost about 5 percent of GDP each year. Social Security Program Growth. Social Security Spending since 1935. Chart S.13f: Social
- Detail: https://www.usgovernmentspending.com/social_security_spending_by_year
4 Historical Tables – The White House
- Author: whitehouse.gov
- Published: 12/25/2021
- Review: 4.36 (386 vote)
- Summary: Table 2.4—Composition of Social Insurance and Retirement Receipts and of … Table 5.3—Percentage Distribution of Budget Authority by Agency: 1976–2027
- Detail: https://www.whitehouse.gov/omb/budget/historical-tables/
5 Opinion | The federal budget has 99 problems. This program ain’t one
- Author: washingtonpost.com
- Published: 12/14/2021
- Review: 4.05 (504 vote)
- Summary: · Specifically, the report estimates that Social Security’s disability insurance (SSDI) trust fund will remain solvent and able to pay all
- Detail: https://www.washingtonpost.com/opinions/2022/06/08/social-security-disability-fund-solvent/
6 [PDF] Present Trends and the Evolution of Mandatory Spending
- Author: crsreports.congress.gov
- Published: 08/02/2022
- Review: 3.97 (554 vote)
- Summary: other than appropriation acts, including federal spending on entitlement programs. Entitlement programs such as Social Security, Medicare, and Medicaid make
- Detail: https://crsreports.congress.gov/product/pdf/R/R44763/3
7 Focus on Function 600 – Income Security – House Budget Committee
- Author: budget.house.gov
- Published: 11/21/2021
- Review: 3.63 (547 vote)
- Summary: Outlays for mandatory programs in Function 600 for 2019 will account for 16 percent of total non-interest mandatory spending excluding undistributed
- Detail: https://budget.house.gov/focus-function-600-income-security-0
8 How does the federal government spend its money? | Tax Policy
- Author: taxpolicycenter.org
- Published: 07/19/2022
- Review: 3.45 (450 vote)
- Summary: Federal spending totaled $4.4 trillion in 2019. About 62 percent of the total was for programs not subject to regular budget review, while nearly 30 percent
- Detail: https://www.taxpolicycenter.org/briefing-book/how-does-federal-government-spend-its-money
9 Budget Basics: How Does Social Security Work?
- Author: pgpf.org
- Published: 10/11/2021
- Review: 3.32 (272 vote)
- Summary: Today, Social Security is the largest program in the federal budget and typically makes up almost one-quarter of total federal spending
- Detail: https://www.pgpf.org/budget-basics/how-does-social-security-work
10 Breaking down the US Federal Budget | Charts and Graphs – Up To Us
- Author: itsuptous.org
- Published: 03/21/2022
- Review: 3.03 (496 vote)
- Summary: Mandatory spending includes government-funded programs such as Medicare, Medicaid and Social Security. These are necessary programs, but they are not self-
- Detail: https://www.itsuptous.org/blog/breaking-down-us-federal-budget-charts-and-graphs
11 Federal Spending by Category | U.S. Treasury Data Lab
- Author: datalab.usaspending.gov
- Published: 10/12/2021
- Review: 2.79 (183 vote)
- Summary: In 2020, the cost of the Social Security and Medicare programs was $2.03 trillion. The majority of Social Security and Medicare funding comes from tax revenue
- Detail: https://datalab.usaspending.gov/americas-finance-guide/spending/categories/
12 Social Security Benefits as a Percentage of Total Federal Budget
- Author: ssa.gov
- Published: 04/08/2022
- Review: 2.79 (72 vote)
- Summary: As a percentage of total federal expenditures, in 2002 Social Security benefits were approximately 22.6% of federal expenditures. As a percentage of federal
- Detail: https://www.ssa.gov/history/percent.html
13 Where Does All the Money Go? – Federal Budget in Pictures
- Author: federalbudgetinpictures.com
- Published: 01/04/2022
- Review: 2.7 (93 vote)
- Summary: In 2019, major entitlement programs—Social Security, Medicare, Medicaid, Obamacare, and other health care programs—consumed 51 percent of all federal spending,
- Detail: https://federalbudgetinpictures.com/where-does-all-the-money-go/
14 Topic No. 751 Social Security and Medicare Withholding Rates – IRS
- Author: irs.gov
- Published: 06/16/2022
- Review: 2.6 (78 vote)
- Summary: The current tax rate for social security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the
- Detail: https://www.irs.gov/taxtopics/tc751
15 State and Local Expenditures | Urban Institute
- Author: urban.org
- Published: 06/08/2022
- Review: 2.46 (95 vote)
- Summary: In 2019, 43 percent of states’ direct general expenditures went toward public welfare, the largest direct expenditure as a share of state spending. Local
- Detail: https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/state-and-local-backgrounders/state-and-local-expenditures
16 Policy Basics: Where Do Our Federal Tax Dollars Go?
- Author: cbpp.org
- Published: 10/12/2021
- Review: 2.49 (188 vote)
- Summary: Social Security: In 2022, 21 percent of the budget, or $1.2 trillion, will be paid for Social Security, which will provide monthly retirement benefits averaging $1,538 to 49 million retired workers
- Detail: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go
