About Eric Shangle Expertise I am able to answer questions about the US Government and it's budget cycle, military, manpower, and contracting.
Experience I spent 13 years in the US Navy as an officer. I have a defense-focused MBA from the Naval Postgraduate School emphasizing financial management and manpower.
Education/Credentials MBA, Naval Postgraduate School, 2005
M.A., Human Relations, University of Oklahoma, 2002
B.S., Ocean Engineering, United States Naval Academy, 1997
Question Wow Eric, I reviewed my question and thought it was pretty straight forward but let me try this: What is the U.S. Government's total income per year and how much of that is from Federal Income Taxes?
Answer Nick,
I guess I wasn't exactly sure where you were going with this in terms of "income". Basically what I think you are looking for is how much money the federal government takes in each year...and more specifically how much of that is from the IRS.
The US government operates on a fiscal year. This year is from October through September each year. Anyway, at the end of September 2007, the following information was available (taken from the Treasury Dept). This information is in billions.
Individual Income Taxes: $1163 (43)
Social Insurance Tax and Contributions: $870 (32)
Corporate Income Taxes: $370 (13)
Other Taxes: $165 (6)
Total: $2568 (94)
The federal deficit is 6.
Two great sites that I actually look at are as follows: http://www.federalbudget.com/ (This one is kind of cheesy, but it's good.)
http://www.budgetanalyst.com/ (This is an AMAZING site that has all the information on the budget process you could ever want.)
