In fiscal 2025 the federal government spent $7.01 trillion and took in $5.23 trillion, so it borrowed $1.78 trillion, about 25 cents of every dollar spent. Borrowing was the second-largest source of money after individual income taxes, slightly ahead of payroll taxes. Interest on the debt, $970 billion, cost more than defense, $917 billion. Source: U.S. Treasury Monthly Treasury Statement.
| from | to | value |
|---|---|---|
| Individual income taxes | Federal spending | 2656 |
| Borrowing (the deficit) | Federal spending | 1775.4 |
| Payroll taxes | Federal spending | 1748.3 |
| Corporate income taxes | Federal spending | 452.1 |
| Tariffs | Federal spending | 194.9 |
| Other taxes and fees | Federal spending | 183.3 |
| Federal spending | Social Security | 1580.7 |
| Federal spending | Medicare | 996.7 |
| Federal spending | Medicaid and other health | 978.9 |
| Federal spending | Interest on the debt | 970.4 |
| Federal spending | Defense | 916.6 |
| Federal spending | Income security | 701.6 |
| Federal spending | Veterans | 377.2 |
| Federal spending | Everything else | 487.9 |