The Hello Bar is a simple notification bar that engages users and communicates a call to action.

Posts tagged as:

bush tax cuts

US Budget Pie Chart

by TheFalcon on November 13, 2012

(click to enlarge)

US Budget Pie Chart
2012 US Budget Pie Chart

Since we are apparently approaching the dreaded “Fiscal Cliff” we thought we would begin regularly updating our US budget pie charts for our visitors.  The term Fiscal Cliff refers to the expiration of the Bush era Tax Cuts and spending cuts under the Budget Control Act of 2011.

We will begin with the following chart which represents the approved (i.e. “enacted”) 2012 US budget expenditures.  It is a nice simplified snapshot of where the money goes, as many are becoming increasingly curious as the Cliff approaches.

Over the next couple of weeks, we will follow this up with a pie chart breaking down the tax income for 2012 as well.  In December, we will follow-up with pie charts for the 2013 budget, which was proposed in February, but has not yet been approved, even though the Fiscal Year has already began on October 1st.

Bookmark the site to check back over the coming weeks as we approach January 1st, 2013 (the “Fiscal Cliff”).  Or take a couple of seconds to sign-up to our mailing list and we’ll forward the post to your inbox when its published.

As a final note to add perspective to the chart, the anticipated inflows (e.g. individual and corporate tax receipts, etc.) for 2012 were roughly $2.5 trillion, so the anticipated deficit is a negative $1.3 trillion.

These are the “enacted” figures but the actual figures for Fiscal Year (FY) 2012 have yet to be finalized and released.

FYI – Fiscal Year 2012 runs from Oct. 1 2011 through Sep. 30, 2012.

Keep the Conversation Going! PLEASE SHARE!