Where does US government spend all taxes?

In fiscal year 2014, the federal government will spend around $3.8 trillion. These trillions of dollars make up a considerable chunk - around 22 percent - of the US. economy, as measured by Gross Domestic Product (GDP). read more

In fiscal year 2016, the federal government spent $3.9 trillion, amounting to 21 percent of the nation’s gross domestic product (GDP). Of that $3.9 trillion, over $3.3 trillion was financed by federal revenues. The remaining amount ($585 billion) was financed by borrowing. read more

Almost all such spending is for “entitlements,” for which expenditures depend on individual eligibility and participation; they are funded at whatever level is needed to cover the resulting costs. read more