Chris LarsenChris LarsenFounder, Next-Level Income

82a2e5b1-995a-496c-9d61-ab2256dfa1fc where does one us tax dollar go

PDF · 24 Nov 2025

A November 2, 2024 newsletter by Chris Larsen that visualizes how one U.S. tax dollar was allocated (based on FY2023 outlays) and argues that entitlement programs (Social Security, Medicare/Health, Medicaid/Income Security) plus interest comprise the majority of federal spending. The piece cites U.S. Bureau of the Fiscal Service data, discusses the political difficulty of reform (voter demographics), and summarizes CRFB/Taх Foundation estimates on cuts or tax increases required to balance the budget.

Questions this document answers

November 2, 2024

U.S. Bureau of the Fiscal Service; based on government outlays for the fiscal year ended September 30, 2023.

22% (22¢)

14% (14¢) shown for Health and an additional 14¢ label for Medicare in the table

13% (13¢)

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