Individual income taxes will raise an estimated $972 billion in 2001, equal to about 9.7 percent of GDP.
As we have said, the Federal Government will spend over $1.8 trillion and have a surplus of $184 billion in 2001, which we divided into nine large categories as shown in Chart 2-6.
National defense discretionary spending will total an estimated $292 billion in 2001, comprising 16 percent of the budget.
1 This amount does not include all of the Government's spending. As explained under "Revenues," the Government subtracts collections from its business-like activities, such as entrance fees at national parks, from spending instead of adding them to revenues. These collections are estimated to be almost $215 billion in 2001. If they were not subtracted from spending, spending would total an estimated $2.0 trillion in 2001, not $1.8 trillion.
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As we have said, the Federal Government will spend over $1.8 trillion and have a surplus of $184 billion in 2001, which we divided into nine large categories as shown in Chart 2-6.
National defense discretionary spending will total an estimated $292 billion in 2001, comprising 16 percent of the budget.
1 This amount does not include all of the Government's spending. As explained under "Revenues," the Government subtracts collections from its business-like activities, such as entrance fees at national parks, from spending instead of adding them to revenues. These collections are estimated to be almost $215 billion in 2001. If they were not subtracted from spending, spending would total an estimated $2.0 trillion in 2001, not $1.8 trillion.
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