, the U.S. federal government's fiscal revenue data for the first 11 months of fiscal year 2022 released by the U.S. Treasury Department. Among them, the fiscal revenue of the US federal government has exceeded US$4.4 trillion, fiscal expenditure is approximately US$5.345 trillion, and the deficit is close to US$1 trillion.
Two issues need to be paid attention to here. First: this is the data of the first 11 months of fiscal year 2022, which is not the same as in 2022. In the United States, the time span of the fiscal year starts from October of the previous year and ends in September of the year, which is a three-month difference from the natural year.
The United States' fiscal year 2022 starts from October 2021 to September 2022. The currently released fiscal revenue and expenditure data "end time is August 2022", which is the revenue information for the first 11 months of fiscal year 2022.
Secondly, whether it is $4.4 trillion in fiscal revenue or about $5.345 trillion in fiscal expenditure, it is the "U.S. federal government" - the fiscal revenue and expenditure information belonging to the US central government, and is not included in the fiscal revenue and expenditure of various state and other local governments.
The United States, Russia, Brazil, etc. implement the " tax system ". The fiscal revenue and expenditure of the federal government ( central government ) and federal entities (local governments) are based on "reasonably dividing the scope of government powers at all levels, and the budget and revenue are relatively independent."
Especially in the United States, the "three-level tax sharing system" is adopted. The federal government and various state governments will carry out tax legislation separately, and local taxes are determined by state tax laws. When enterprises and residents pay taxes from the federal government uniformly, they also need to pay local taxes in accordance with the laws of each state government.
Judging from the current data, the U.S. federal government's fiscal revenue in fiscal year 2022 is expected to be no less than US$4.8 trillion, fiscal expenditure is expected to be around US$5.85 trillion, and the federal government's fiscal deficit is expected to exceed US$1 trillion again.
is included in other governments at the United States. How much is the total fiscal revenue?
A well-known financial analysis website in the United States once published an estimate: In fiscal year 2022, the total fiscal revenue of the US federal government will be US$7.6 trillion. in. The fiscal revenue of state governments is expected to be $2.2 trillion, while other local governments are expected to be $1.3 trillion.
Fiscal Year 2022, the federal government's fiscal revenue is expected to be US$4.1 trillion - judging from the information currently released, this forecast is obviously low. This aspect shows that the US economic activity is still high and can provide more relaxed fiscal revenue support.
On the other hand, it shows that since the beginning of this year, the soaring price levels of goods and services have led to a rapid growth in tax revenue calculated at the current price, especially the export price of commodities such as energy and grain has risen, bringing a large-scale "corporate income tax and personal income tax " income.
Based on the data of the first 11 months of fiscal year 2022, combined with the analysis of a US financial website, Nan Sheng believes that in fiscal year 2022, the fiscal revenue of governments at all levels of the United States is expected to be around US$8.3 trillion, and fiscal expenditure is expected to be above US$9.5 trillion, both of which set record highs.
Not long ago, US President Biden signed the Inflation Reduction Act, which plans to cut the fiscal deficit by about $300 billion, and attempts to "promote the top U.S. companies and the richest, who have the highest income, to pay a fairer tax share" and implement the "energy tax refund plan and clean energy tax credit" policy for low-income residents' families.
But none of these measures can be completed within one or two years. It is a long-term plan involving a ten-year period and has a low impact on the current situation. The tax pressures borne by American residents have not been substantially improved. What do netizens think about this? This article is written by Nan Sheng, please do not reprint or plagiarize!
