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- Introduction
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- Federal Revenue
- Taxes & Tax Rates
- Federal Spending
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Social Insurance Taxes Now Account for 34 percent of All Revenues |
Social insurance taxes, which fund programs such as Social Security and Medicare, are now the second-largest source of revenue. Yet without reforms, dramatically higher taxes will be needed to pay for these programs. |
Type of Taxes as a Percentage of Total Federal Revenue, 2007 |
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Source: Rates from Congressional Budget Office’s Budget and Economic Outlook: Fiscal Years 2008 to 2018 |
