Presentation on the Distribution of Federal Spending and Taxes in 2006

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Presentation by Molly Dahl and Kevin Perese, CBO Analysts, at the NTA Spring Symposium

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Presentation on the Distribution of Federal Spending and Taxes in 2006

  1. 1. Congressional Budget Office The Distribution of Federal Spending and Taxes in 2006 NTA Spring Symposium Molly Dahl, Microeconomic Studies Division Kevin Perese, Tax Analysis Division Full Report: http://www.cbo.gov/publication/44698 May 15, 2014
  2. 2. C O N G R E S S I O N A L B U D G E T O F F I C E Overview Extends prior CBO distributional analyses by including spending Snapshot of a single year: Calendar Year 2006 Examine Distributions by: 1) Three household types Elderly Nonelderly with children Nonelderly without children 2) Five income groups among the nonelderly Market income quintiles
  3. 3. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending and Revenues, 2006 Federal Spending $2.4 Trillion $2.3 Trillion Federal Revenues $2.7 Trillion $2.4 Trillion 88% Allocated in CBO’s Analysis 98% Allocated in CBO’s Analysis
  4. 4. C O N G R E S S I O N A L B U D G E T O F F I C E Categories of Federal Spending, 2006 Cash and Near-Cash Transfers $785 Billion Cash Transfers Refundable Tax Credits SSI UI TANF Means-Tested Veterans’ Benefits Black Lung Disability Near-cash Transfers SNAP Housing Assistance Pell Grants Child Nutrition Programs WIC LIHEAP Social Security
  5. 5. C O N G R E S S I O N A L B U D G E T O F F I C E Categories of Federal Spending, 2006 Cash and Near-Cash Transfers Health Care Transfers $785 Billion $481 Billion Medicaid and CHIP Means-Tested Veterans’ Health Benefits Social Security Medicare
  6. 6. C O N G R E S S I O N A L B U D G E T O F F I C E Categories of Federal Spending, 2006 Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services $785 Billion $481 Billion $1,080 Billion Other HHS Education OPM Transportation Other Veterans Affairs Agriculture Justice Energy Other National Defense Social Security Medicare
  7. 7. C O N G R E S S I O N A L B U D G E T O F F I C E Categories of Federal Spending, 2006 Unallocated Spending Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services Social Security National Defense Medicare Interest on Debt $785 Billion $481 Billion $1,080 Billion $312 Billion Total Spending $2.7 Trillion Interest On Debt
  8. 8. C O N G R E S S I O N A L B U D G E T O F F I C E Spending on Cash and Near-Cash Transfers, by Type of Household, 2006 0 100 200 300 400 500 Other (Billions of dollars) Elderly Social Security Nonelderly Without Children Nonelderly With Children
  9. 9. C O N G R E S S I O N A L B U D G E T O F F I C E Spending on Health Care Transfers, by Type of Household, 2006 0 100 200 300 400 500 (Billions of dollars) Elderly Medicare Medicaid and Other Nonelderly Without Children Nonelderly With Children
  10. 10. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Taxes, by Type of Household, 2006 0 400 800 1,200 (Billions of dollars) Elderly Nonelderly Without Children Nonelderly With Children
  11. 11. C O N G R E S S I O N A L B U D G E T O F F I C E Average Transfers, Taxes, and Transfers Minus Taxes, by Type of Household, 2006 -20,000 -10,000 0 10,000 20,000 30,000 (Dollars per household) Elderly Nonelderly without Children Nonelderly with Children Transfers minus Taxes Taxes Transfers
  12. 12. C O N G R E S S I O N A L B U D G E T O F F I C E Average Market Income Plus Transfers Minus Taxes by Type of Household, 2006 0 20,000 40,000 60,000 80,000 100,000 120,000 (Dollars per household) Elderly Nonelderly without Children Nonelderly with Children UP 25% DOWN 17% DOWN 20%
  13. 13. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending, 2006 Unallocated Spending Cash and Near-Cash Transfers Health Care Transfers Other Goods and Services $785 Billion $481 Billion $1,080 Billion $312 Billion Total Spending: $2.7 Trillion
  14. 14. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending on Other Goods and Services, by Type of Household, 2006 0 200 400 600 (Billions of dollars) Elderly Nonelderly without Children Nonelderly with Children Allocated by Share of Population Allocated by Share of Market Income
  15. 15. C O N G R E S S I O N A L B U D G E T O F F I C E Average Spending Minus Taxes, by Type of Household, 2006 -20,000 -10,000 0 10,000 20,000 30,000 (Dollars per household) Elderly Nonelderly without Children Nonelderly with Children Transfers plus Other Goods and Services (by Share of Population) minus Taxes Transfers plus Other Goods and Services (by Share of Market Income) minus Taxes Transfers minus Taxes
  16. 16. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending and Revenues, 2006 Allocated to Nonelderly Households Federal Spending $2.4 Trillion $2.7 Trillion Federal Revenues $1.5 Trillion $2 Trillion Nonelderly Nonelderly Elderly Elderly
  17. 17. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending, 2006 Allocated to Nonelderly Households Federal Spending $2.7 Trillion $1.5 Trillion Cash and Near-Cash $175 Billion Other Goods and Services $375 Billion Health Care $920 Billion Nonelderly Elderly
  18. 18. C O N G R E S S I O N A L B U D G E T O F F I C E Spending on Cash and Near-Cash Transfers for Nonelderly Households, by Income Group, 2006 0 100 200 (Billions of dollars) Lowest Quintile Highest Quintile Middle Quintile Social Security Other Cash Transfers Near- Cash Transfers
  19. 19. C O N G R E S S I O N A L B U D G E T O F F I C E Spending on Health Care Transfers for Nonelderly Households, by Income Group, 2006 0 100 (Billions of dollars) Lowest Quintile Highest Quintile Middle Quintile Medicare Medicaid and Other
  20. 20. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Revenues, 2006 Allocated to Nonelderly Households $2.4 Trillion Federal Revenues $2 Trillion Highest Quintile ElderlyNonelderly
  21. 21. C O N G R E S S I O N A L B U D G E T O F F I C E Average Transfers, Taxes, and Transfers Minus Taxes, for Nonelderly Households, 2006 -75,000 -50,000 -25,000 0 25,000 50,000 75,000 (Dollars per household) Lowest Quintile Highest Quintile Middle Quintile Transfers minus Taxes Taxes Transfers
  22. 22. C O N G R E S S I O N A L B U D G E T O F F I C E Average Market Income Plus Transfers Minus Taxes for Nonelderly Households, 2006 0 50,000 100,000 150,000 200,000 250,000 300,000 (Dollars per household) Lowest Quintile Highest Quintile Middle Quintile UP 101% DOWN 14% DOWN 27%
  23. 23. C O N G R E S S I O N A L B U D G E T O F F I C E Federal Spending on Other Goods and Services Allocated to Nonelderly Households, 2006 $920 Billion Lowest Quintile Allocated by Share of Population Allocated by Share of Market Income Highest Quintile Other Goods and ServicesTransfers $550 Billion
  24. 24. C O N G R E S S I O N A L B U D G E T O F F I C E Average Spending Minus Taxes for Nonelderly Households, 2006 -75,000 -50,000 -25,000 0 25,000 Transfers minus Taxes (Dollars per household) Lowest Quintile Highest Quintile Middle Quintile Transfers plus Other Goods and Services (by Share of Population) minus Taxes Transfers plus Other Goods and Services (by Share of Market Income) minus Taxes
  25. 25. C O N G R E S S I O N A L B U D G E T O F F I C E Recap Extends prior CBO distributional analyses by including spending More spending on elderly households than taxes paid by those households in 2006; the opposite was true for nonelderly households Among the nonelderly, more spending on lower income households than taxes paid by those households in 2006; the opposite was true for higher income households

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