2009 Federal Revenue and Spending Book of Charts

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Tax Rates Would Need to More Than Double If Entitlements Are Not Reformed

Under current law, the costs of Medicare, Medicaid, and Social Security will rise substantially. If this spending were funded solely through federal income tax increases, tax rates would more than double, even for the lowest tax bracket.

Increased Tax Rates Necessary to Pay for Entitlement Spending

Increased Tax Rates
 
 
Source: Congressional Budget Office.

Key Research:
Entitlements

The Long-Term Entitlement Spending and Deficit Problem Could Be Resolved Without Tax Increases



Entitlement Spending Will More Than Double by 2050



Entitlements Alone Will Eclipse Historical Tax Levels by 2052



If Tax Revenue Is Held At Historical Levels, Total Spending Could Reach 67 Percent of GDP



Obama's Budget Ignores Entitlement Crisis



The Ratio of Workers to Social Security Beneficiaries Is Declining



Repealing Tax Cuts and Not Fixing AMT Won't Balance the Budget



Social Security Spending Soon to Rise Rapidly



Tax Rates Would Need to More Than Double If Entitlements Are Not Reformed