The Market Ticker - Again, Can We Focus On Facts?
Social Security retirement/survivors taxes: $1,020 billion + Disability ($173 billion) = $1,193 billion.
Medicare receipts: $358 billion.
Now spending.
Centers for Medicare and Medicaid services: $2,147 billion, or an operating deficit of ~84.4%. That is, only about 15% of the spending is funded by a concurrent tax receipt. In fact the federal government handed nearly twice the Medicare tax receipts to the states for Medicaid ($616 billion) without receiving a nickel in taxes for any of…….
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Source: https://market-ticker.org/akcs-www?post=250625
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