United States flag

United States

GDP (Nominal)

Population

Washington, D.C.

Capital

USD

Currency

Member Organizations

NATOG7G20UNOECDWTOIMFWorld BankAPECFive EyesPermanent Five
Government Revenue
Fiscal Year 2024
Government revenue breakdown by source
United States Government Spending
Fiscal Year 2024
Government spending breakdown by category

Revenue Sources

Individual Income Tax2426.00B USD
Corporate Income Tax530.00B USD
Social Insurance (Payroll Taxes)1710.00B USD
Excise Taxes102.00B USD
Customs Duties100.00B USD
Estate and Gift Taxes30.00B USD
Miscellaneous Revenues21.00B USD
Total Revenue4919.00B USD

Spending Allocation

Social Security1448.00B USD
Medicare870.00B USD
Medicaid618.00B USD
Defense (Military)826.00B USD
Net Interest on Debt949.00B USD
Veterans Affairs325.00B USD
Education (Federal)268.00B USD
Income Security Programs347.00B USD
Other Spending1051.00B USD
Total Spending6752.00B USD

Controversies

There is an ongoing and highly politicized debate over raising the federal debt ceiling to avoid default, as well as concerns about the long-term sustainability of large deficits accumulated during and after the COVID-19 pandemic. The Biden administration's proposed tax reforms targeting high earners and corporate rate adjustments have sparked heated discussions on fairness, economic growth impact, and potential revenue shortfalls.

Spending Efficiency

The United States consistently ranks highly on global indicators of government effectiveness and transparency, but inefficiencies remain, particularly in the health care sector where administrative costs are among the highest worldwide. Social insurance programs are well-administered, yet overlapping welfare schemes and complex eligibility rules create administrative burdens and resource waste.

Debt to GDP

Debt to GDP:125%
Government Debt:$34,650,875,000,000 USD

Tax Burden Per Capita (beta)Tax Burden Level:
Green (Low): Less than $10,000 per capitaOrange (Moderate): $10,000 - $20,000 per capitaRed (High): $20,000 - $30,000 per capitaPurple (Very High): Over $30,000 per capita

$20,436 USDLevel: High