Hospitals & Asylums 

 

 

United States Budget Fiscal Years 2017-2025

 

Receipts, Outlays, Surplus or Deficit FY 17 – 25

(billions)

 

Source: OMB Historical Table 1.1 (6/24); 2017 nominal GDP BEA and UN Data agreement; IMF economic growth rate Sanders, Tony J. 196 Nation Atlas HA-15-4-24 Treasury spending issues and debt retirement equation under review FY 17 - 25

 

General Fund Balance FY 20 – 25

(billions)

 

Source: OMB Historical Table 7.1 Gross Federal Debt FY 20 – 21, Gross Federal Debt Increase = 3% of GDP FY 22 - 25; positive change = deposit in General Fund Balance, negative change = withdrawal to pay for bond buyback in excess of 3 percent of GDP, Student Loan Guesstimate Requesting Annual Receipts, Expenditures, Borrowing and Repayment from General Fund Balance Sec. 80 and 10,000 ERA of 2024 HA-7-11-23, 2022 Annual Report of the Board of Trustees of the Federal Old Age Survivor Insurance and Disability Trust Funds, 'Defense production' has been repealed by simple majority from the jurisdiction of the Senate Committee on Banking, Housing, and Urban Affairs at Senate Rule XXV(d), since CHIPS (and Sciences) Act Pub. L. 117–167 August 9, 2022.  No Interest on Bond Buybacks. 

 

Public Debt Retirement $14,410 billion, 62.5% of GDP, Outstanding FY 25

(billions)

 

Source: $31.4 trillion historical accumulation. Federal Debt at End of Year OMB Table 7.1 – FY 21 + 3% of GDP GY 22-25 - FY 95 – 08 Interest on Public Debt calculated as % of GDP with ratio provided by Congressional Budget Office. Federal Debt and Interest Payments, December 2010; – Gross Federal Debt FY 95 – Interest Payment on Public Debt FY 10-25. US Department of Treasury. FY 10 – FY 25 Budget-in-brief Treasury Valuation FY 17 - 25

 

Social Security Administration Totals, OASI, DI and SSI Tax Rate Calculation Operation 2024 and 2025 SSI Tax

(billions)

 

Source: 2024 Annual Report of the Board of Trustees of the Federal Old Age Survivor Insurance and Federal Disability Insurance Trust Funds, Intermediate Projections; 2024 Annual Report of the Supplemental Security Program.  Multiply 2025 combined OASDI tax by 1.3 = $1,679 (2025).  Enter OASI and DI data.  Try various tax rates needed for total OASI revenues to be slightly more than Total Expenditures, 9.5% is the minimum and 9.6% is positive, and chosen rate.  (9.6 / 12.4) $1,679 billion payroll tax = $1,299.9 billion + $60.2 +$60.7 = $1,420.8 billion total OASI revenues (2025) - $1,405 billion total OASI expenditures = $15.6 billion change in assets.  Do the math again to determine the optimal DI tax rate, that is estimated at 1.4% plus 9.6 OASI tax rate minus 12.4 total tax without repealed Adjustment to Contribution Base Sec. 230 of the Social Security Act 42USC§430, equals 1.4% SSI tax rate.   

 

Revenues by Source FY 17 – 25

(billions)

                                                                                                                                                                                                                         

Source: OMB Revenues Table 2.1 usual growth calculus, % wage + % employment = 5% payroll and individual income tax growth; individual income tax overestimate since FY 21 redressed with 5 percent growth; Corporate income tax growth fluctuates between 10 and 30 percent when there is no recession and tax rate is not reduced OMB overestimates overruled by 15 percent growth from FY 23-FY 25 recession due to sluggish economy; Social Insurance and Retirement Receipts 2020 on and off-budget payroll tax overestimate aside usual 5 percent growth, usual excise tax growth is 5 - 6 percent OMB re-estimated to corroborate prior estimates with 5.5% growth sine ; Other revenues fluctuate due to Customs revenues overestimates since FY 18, changes in tax rates and Federal Reserve bankruptcy since fall 2022.

 

Social Insurance and Retirement Receipts 2017- 25

(billions)

 

Source: OMB Table 2.4. OASDI receipts minus any GF reimbursement for 2017-18 entered from Sanders, Tony J. Health and Welfare. Book 3. Hospitals & Asylums HA-29-1-22; and since 2019 from 2024 Annual Report of the Board of Trustees of the Federal Old Age Survivor Insurance and Federal Disability Insurance Trust Funds; HI total revenues are entered as Medicare Part A; in addition Part B and D are entered total revenue minus government contributions from 2024 Annual Report of the Federal Hospital Insurance Trust Fund and Federal Supplemental Medical Insurance Trust Fund, Railroad Retirement and Interchange rows are excluded because they are expenses paid for with the OASDI total revenues; Unemployment Insurance and Federal Employee Retirement are entered from OMB, Non-Federal employee retirement is excluded because it earns only about 30 million annually and is not statistically significant in billions of dollars.  Revenues are much higher than OMB mostly due to total Medicare revenues.

 

Excise Taxes FY 17 – 25

(billions)

 

Source: OMB Historical Tables 2.4 Composition of Social Insurance and Retirement Receipts and of Excise Taxes; Transportation fuel pertains to the Blenders Tax Credit 26USC§40A as amended by the IRA Public Law No. 117-169; a 1% tax was imposed on Corporation stock repurchases in the Inflation Reduction Act of August 2022, 15 percent growth anticipated after 13% growth FY 24

 

Composition of Other Receipts FY 17 - 25

(billions)

 

Source: OMB Table 2.5 Other Revenues; Estate and Gift tax overestimates from FY 20 overruled by 3 percent FY 21 – FY 22 COVID high moderating to 2 percent FY 23-FY 25 the $11.7 million estate tax exemption in the 2017 tax act (Public Law 115-97) doubled the exemption amount for the estate tax through the end of 2025, CBO projects that the exemption amount will drop to $6.4 million in 2026 under current law, Swagel, Phillip. Understanding Federal Estate and Gift Taxes. Congressional Budget Office. June 2021; Customs Duties and Fee overestimates resolve with 0.97 deflation since FY 18 barrier high pursuant to the Swiss Formula for Unilateral Tariff Reductions (2007); Federal Reserve Banks Combined Financial Statements as of and for the years ended December 31, 2022 and 2021 and Independent Auditors’ Report of March 14, 2023 declared bankrupt since fall of 2022.

 

Outlays by Agency FY 17 – FY 25

(billions)

 

Source: Agency Budget Requests FY 22; Treasury, Defense, Veterans Affairs and SSI costs have increased; Treasury overestimates moderate at 3 percent inflation from FY 22; Defense moderates at 3 percent inflation from FY 22 Ukraine; Veterans Affairs grows 5 percent from FY 22; SSI Social Security on-budget calculated by adding payments and administrative costs, disregarding novel attempt to finance administration with overpayments in the 2024 Annual Report of the Social Security Program.  $77.3 billion undistributed offsetting receipts subtracted) due to passage of Enhancement of Internal Revenue in Sec. 10301 of the Inflation Reduction Act (IRA) PL 117-130 August 16, 2022

 

Undistributed Offsetting Receipts FY 17-25

(billions)

 

Source: Agency Budget Requests; Sanders, Tony J. Health and Welfare. Book 3. Outlays Sec. 73(D) Table 8. Hospitals & Asylums HA-29-1-22; offset for Enhancement of Internal Revenue in Sec. 10301 of the Inflation Reduction Act (IRA) PL 117-130 August 16, 2022; to provide consistent annual accounting pursuant to Audit Standard No. 6 Evaluating Consistency of Financial Statement by the Public Company Accounting Oversight Board (2008) and Rule 66 of the International Public Sector Standards Board Handbook of International Public Sector Accounting Pronouncements 2022 Edition Vol. I, Defense Budget Overview. United States Department of Defense Fiscal Years 2019-2025 Budget Requests.  The United States has the most expensive military in the world.  Nuclear weapons modernization production must be terminated until the President reports on compliance with the 2,200 nuclear warhead limit pursuant to the Atomic Energy Act of 1954 42USC§2122, nuclear weapon sales will then be taxed 6%, serial numbers investigated and the United States may be prosecuted for $150 billion UN Compensation on suspicion of fault regarding nuclear tests of the seismic code, other hostile environmental modification and Iraq war residuals.