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Federal budget = $33K per household?

Discussion in 'The Okie Corral' started by Z71bill, Feb 1, 2010.

  1. Z71bill

    Z71bill

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    I am normally pretty good with numbers - :dunno:

    A few weeks ago I read that the USA has about 115 million households -

    Today I hear the federal budget (for 2011) is going to be $3.8 trillion.

    Made my brain freeze up trying to do the math in my head - so I actually wrote the numbers down.

    $3,800,000,000,000 divided by 115,000,000

    I canceled out the "000's" (told you I was good with numbers :upeyes:) and get

    $3,800,000 divided by 115 which at least fits in my calculator and equals about $33,000 per household. :wow:

    The average household income in the USA is around $50K.

    I must be missing something BIG - because it seems impossible to have government spending totaling 2/3 of average household income.

    Anyone know where I am messing up?

    I am having another one of those "we are all screwed" moments.
     
  2. Dennis in MA

    Dennis in MA Get off my lawn

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    Nope. Your math works. Thankfully, there are a whole lot of people that earn a whole lot more than $50K/yr. There are days I like Neal Boortz's idea that you get a vote if you own property and a vote per so many $ in income per year in national elections. Then I realize we'd have heads being lopped off within 20 years if that happened. LOL
     

  3. Tailhunter

    Tailhunter Glockman

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    just goes to show ... rich people pay most of the taxes and poor people pay none.

    If you take gov't assistance for more then 6 months, you loose your vote. Seems like a good idea.
     
  4. marlinfan

    marlinfan

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    Free FEMA generators and chainsaws for everyone!
     
  5. aircarver

    aircarver Descent Terminated Silver Member

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    If you're in the taxpaying half, your share is about 65K...
    If you're in the non-paying half... it's about 0

    Think half the 'taxpayers' are worried ?....:steamed:
     
  6. Yo

    Yo

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    If you really want to freak out, divide the total U.S. National debt by 115,000,000 households.

    As of 9:20 am:

    Total debt: $12,351,233,000,0000 (and growing by the minute!)
    Debt per citizen: $40,023
    Debt per taxpayer: $113,048

    Link: http://www.usdebtclock.org/