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Subject:
Tax to support the military
Category: Miscellaneous Asked by: dannycaulfield-ga List Price: $50.00 |
Posted:
17 Sep 2006 18:53 PDT
Expires: 17 Oct 2006 18:53 PDT Question ID: 766181 |
How much do we spend on the Department of Defense in 20o4 and 2005. Whaat percentage of our tax revenue does that represent? |
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Subject:
Re: Tax to support the military
Answered By: keystroke-ga on 17 Sep 2006 19:14 PDT Rated: |
Hello dannycaulfield, Thank you for your very interesting question. I didn't realize prior to this that the military took up so much of the entire US budget. In 2005, tax revenues were $972 billion. In 2005, the defense budget was $401.7 billion. In 2004, tax revenues were $722 billion. In 2004, the defense budget was $379.898 billion. This means that the 2004 defense budget took up 52.62 percent of the total US tax payments. In 2005, the defense budget took up 41.33 percent of tax revenues. Sources: http://www.whitehouse.gov/omb/budget/fy2005/defense.html http://www.whitehouse.gov/omb/budget/fy2004/defense.html http://www.nytimes.com/2006/07/09/washington/09econ.html?ei=5088&en=ec2d242da8699725&ex=1310097600&partner=rssnyt&emc=rss&pagewanted=print Search terms: dept of defense spending 2004 2005 tax revenue trillion If you need any additional help or clarifications, let me know and I'll be glad to help! Cheers, --keystroke-ga | |
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dannycaulfield-ga rated this answer: |
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Subject:
Re: Tax to support the military
From: qed100-ga on 17 Sep 2006 20:39 PDT |
Here's an interesting take on the U.S. defense budget, by Freeman Dyson: http://www.umich.edu/news/index.html?DysonWinCom05 "So lastly my third heresies, I say the United States has less than a century left as top nation. Since the modern nation-state was invented, about the year 1500, a succession of countries has taken turns as top nation. First it was Spain, then France, then and Britain, than America. Each term lasted about 150 years. Ours began in 1920 so it should end in about 2070. The reason why each top nation's term comes to an end is that the top nation becomes overextended militarily, economically and politically. Greater and greater efforts are required to maintain the number one position. Finally, the overextension becomes so extreme that the whole structure collapses. Already we can see in the American posture today some clear symptoms of overextension. Who will be the next top nation? It might be the European Union or it might be China. After that it might be India or Brazil. You should be asking yourself not how to live in an America dominated world, but how to prepare for a world that is not America dominated. That may be the most important problem for your generation to solve. How do the people who think of themselves as number one yield gracefully to become number two? So I'm telling you misfortunes are on the way." |
Subject:
Re: Tax to support the military
From: nelson-ga on 18 Sep 2006 03:21 PDT |
Jeepers Cripes! That's a hug-ass percentage! Way to go, W! |
Subject:
Re: Tax to support the military
From: jack_of_few_trades-ga on 18 Sep 2006 05:42 PDT |
It is indeed a "huge-a~~" percentage, and it is also an incorrect percentage (unless you don't consider corporate taxes, social security, and excise tax revenues as tax revenues). The real numbers are: In 2005, tax revenues were $2.2 trillion. Spending on National Defense: $495 billion 23% In 2004, tax revenues were $1.9 trillion. Spending on National Defense: $456 billion 24% And for a historical perspective, here are some other years: In 2000, tax revenues were $2.0 trillion Spending on National Defense: $294 billion 15% In 1995, tax revenues were $1.4 trillion. Spending on National Defense: $272 billion 19% In 1990, tax revenues were $1.0 trillion. Spending on National Defense: $300 billion 30% In 1985, tax revenues were $734 billion. Spending on National Defense: $253 billion 35% In 1980, tax revenues were $517 billion. Spending on National Defense: $134 billion 26% In 1975, tax revenues were $279 billion. Spending on National Defense: $87 billion 31% Revenues & National Defense #s from: http://www.whitehouse.gov/omb/budget/fy2007/pdf/hist.pdf |
Subject:
Re: Tax to support the military
From: keystroke-ga on 18 Sep 2006 07:31 PDT |
Imagine that, the White House contradicting itself??? Actually, yes, the White House indeed must have just talking about personal income taxes in that New York Times article (although they didn't say that they were). I will update the figures to accurately reflect the change! |
Subject:
Re: Tax to support the military
From: bcattwood-ga on 18 Sep 2006 12:06 PDT |
Keep in mind these are budgeted figures. Actual spending has been higher since for several years Bush has called for additional supplemental military spending. The latest "emergency" (apparently that we are in Iraq is still a surprise) spending bill (2/2006) called for an additional $72.4 billion in military and intelligence appropriations. |
Subject:
Re: Tax to support the military
From: jack_of_few_trades-ga on 18 Sep 2006 12:48 PDT |
I was wondering why there was a discrepency between my national defense numbers and Keystroke's military numbers... It is probably either the supplemental or that the national defense numbers include DoD yet non-military funding (perhaps homeland security, intelligence...) |
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