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Author: MadCapitalist Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 459244  
Subject: Taxes and spending per capita in 2005 dollars Date: 6/17/2011 9:09 PM
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This is a great example of why I'm adamant against raising taxes until *after* our politicians balance the budget and keep it balanced. Real per capita taxes continue their upward trajectory (except temporarily for downturns of course), but it is never enough. They will just keep increasing spending so that it outpaces the increases in taxes.

Year  US Population  Taxes (billions)  Spending (billions)  Taxes per Capita  Spending per Capita  Difference per Capita
1940 132,122,446 81.4 117.8 616 892 -276
1941 133,402,471 104.2 163.3 781 1,224 -443
1942 134,859,553 156.3 375.4 1,159 2,784 -1,625
1943 136,739,353 233.9 765.6 1,711 5,599 -3,888
1944 138,397,345 461.0 962.1 3,331 6,952 -3,621
1945 139,928,165 499.0 1,024.4 3,566 7,321 -3,755
1946 141,388,566 433.7 609.6 3,067 4,312 -1,245
1947 144,126,071 385.1 345.0 2,672 2,394 278
1948 146,631,302 392.8 281.3 2,679 1,918 761
1949 149,188,130 384.9 379.2 2,580 2,542 38
1950 152,271,417 370.7 400.0 2,434 2,627 -193
1951 154,877,889 493.0 434.7 3,183 2,807 376
1952 157,552,740 635.6 650.2 4,034 4,127 -93
1953 160,184,192 619.3 677.1 3,866 4,227 -361
1954 163,025,854 599.3 609.2 3,676 3,737 -61
1955 165,931,202 544.1 568.9 3,279 3,429 -150
1956 168,903,031 590.6 559.3 3,497 3,311 186
1957 171,984,130 602.8 577.1 3,505 3,356 149
1958 174,881,904 566.8 586.5 3,241 3,354 -113
1959 177,829,628 542.8 630.8 3,052 3,547 -495
1960 180,671,158 630.9 628.9 3,492 3,481 11
1961 183,691,481 626.3 648.5 3,410 3,530 -120
1962 186,537,737 659.7 707.0 3,537 3,790 -253
1963 189,241,798 674.9 705.0 3,566 3,725 -159
1964 191,888,791 704.3 741.3 3,670 3,863 -193
1965 194,302,963 721.1 729.8 3,711 3,756 -45
1966 196,560,338 789.1 811.4 4,015 4,128 -113
1967 198,712,056 875.4 926.3 4,405 4,662 -257
1968 200,706,052 866.7 1,009.3 4,318 5,029 -711
1969 202,676,946 993.5 976.3 4,902 4,817 85
1970 205,052,174 968.4 982.7 4,723 4,792 -69
1971 207,660,677 877.4 985.3 4,225 4,745 -520
1972 209,896,021 908.1 1,010.4 4,326 4,814 -488
1973 211,908,788 956.9 1,018.7 4,516 4,807 -291
1974 213,853,928 1,004.3 1,027.7 4,696 4,806 -110
1975 215,973,199 966.0 1,150.3 4,473 5,326 -853
1976 218,035,164 956.2 1,192.8 4,386 5,471 -1,085
1977 220,239,425 1,054.8 1,213.9 4,789 5,512 -723
1978 222,584,545 1,113.6 1,278.6 5,003 5,744 -741
1979 225,055,487 1,187.3 1,291.7 5,276 5,739 -463
1980 227,224,681 1,197.6 1,368.6 5,271 6,023 -752
1981 229,465,714 1,251.4 1,416.2 5,454 6,172 -718
1982 231,664,458 1,202.8 1,452.0 5,192 6,268 -1,076
1983 233,791,994 1,113.6 1,498.9 4,763 6,411 -1,648
1984 235,824,902 1,174.3 1,501.0 4,980 6,365 -1,385
1985 237,923,795 1,250.9 1,612.7 5,258 6,778 -1,520
1986 240,132,887 1,277.7 1,645.2 5,321 6,851 -1,530
1987 242,288,918 1,375.7 1,616.8 5,678 6,673 -995
1988 244,498,982 1,421.1 1,663.7 5,812 6,805 -993
1989 246,819,230 1,494.0 1,724.1 6,053 6,985 -932
1990 249,438,712 1,508.7 1,831.9 6,048 7,344 -1,296
1991 252,127,402 1,473.0 1,849.0 5,842 7,334 -1,492
1992 254,994,517 1,467.5 1,857.9 5,755 7,286 -1,531
1993 257,746,103 1,511.5 1,845.5 5,864 7,160 -1,296
1994 260,289,237 1,617.7 1,878.9 6,215 7,219 -1,004
1995 262,764,948 1,691.4 1,896.6 6,437 7,218 -781
1996 265,189,794 1,775.5 1,906.7 6,695 7,190 -495
1997 267,743,595 1,889.9 1,916.1 7,059 7,156 -97
1998 270,298,524 2,040.9 1,958.8 7,551 7,247 304
1999 272,690,813 2,136.4 1,989.5 7,835 7,296 539
2000 282,171,957 2,310.0 2,040.5 8,186 7,231 955
2001 285,081,556 2,215.3 2,072.6 7,771 7,270 501
2002 287,803,914 2,028.6 2,201.3 7,049 7,649 -600
2003 290,326,418 1,901.1 2,303.9 6,548 7,936 -1,388
2004 293,045,739 1,949.5 2,377.5 6,653 8,113 -1,460
2005 295,753,151 2,153.6 2,472.0 7,282 8,358 -1,076
2006 298,593,212 2,324.1 2,563.8 7,783 8,586 -803
2007 301,579,895 2,411.9 2,562.9 7,998 8,498 -500
2008 304,374,846 2,286.8 2,702.3 7,513 8,878 -1,365
2009 307,006,550 1,898.3 3,172.2 6,183 10,333 -4,150
2010 309,050,816 1,919.0 3,066.7 6,209 9,923 -3,714


Data Sources:

Table 1.3—Summary of Receipts, Outlays, and Surpluses or Deficits (-) in Current Dollars, Constant (FY 2005) Dollars, and as Percentages of GDP: 1940–2016
http://www.whitehouse.gov/omb/budget/Historicals

Population Data:
http://www.npg.org/facts/us_historical_pops.htm (from the Census Bureau)
http://www.census.gov/popest/archives/1990s/popclockest.txt
http://www.census.gov/popest/eval-estimates/eval-est2010.htm...
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