Where oh where do our Taxes go? – FYI Data – Oct 28, 2020

Where oh where do our taxes go?
I think spending should be justified with a new formula.

Example: Biden would like to rejoin the Paris Climate Accord & the World Health Organization
This would directly cost the United States $3 (Paris commitment) & $1 Billion annually for WHO.
**(estimated to be $4 billion in 2021)
**(Indirect costs such as future higher product costs are not accounted for in this assessment)
Biden would also like to provide citizenship for some 11 million immigrants who have not been given legal permission to be in the US. (ie. Illegal Immigrants) – Studies have shown that there is a monetary measure of the net annual fiscal impact of immigration on native residents. (Formula https://www.nap.edu/read/5779/chapter/8#258)

The average based on 13 Federal and all State Services to immigrants shows that approximately every new immigrant household costs states $1,500 more than revenue from the new immigrant.

There is about 11 million immigrants in the US who may become citizens and have access to the above services.
This equates to a very basic minimum of $4.125billion per year in costs over revenue (assuming 4 immigrants per household)

So – if these three actions are taken within 100 days of inauguration (assuming Biden wins the election) – That totals about 8.25 Billion in new immediate and direct costs to the US taxpayer.

What does this mean?
If the average household income is $68,703 per year – it will take all of the income from 120,000 households to pay for these programs.

Or – lets put the bigger picture: Total US Debt is $26.95 Trillion – and it would take 392,268,168 households entire annual income – just to pay it off!

Maybe we should STOP more federal spending and cut back a bit!

https://www.yahoo.com/…/happens-joe-biden-wins-2020-2055293…

Keeping with the theme of numbers in the US.
Unemployment breakdown for 3rd qtr 2020:
White: (7.9%) Total – 15,580,219
Black: (13.2%) Total – 5,805,901
Asian: (10.6%) Total – 2,052,810
Hispanic/Latino(a): (11.2%) Total – 6,801,113
Foreign Born: (8.6%) Total – 3,852,800
Disabled: (12.5%) Total – 3,528,575

There are many reasons for people to be unemployed. But there is something that can help the unemployed get back into a job or career – and that is education.

Education in the US. (25 or older %)
High School Completed:
White: (88.8%) Total – 175,129,543
Black: (87%) Total – 38,266,164
Asian: (89.1%) Total – 17,255,223
Hispanic/Latino(a): (66.7%) Total – 40,503,116
Foreign Born: (72%) Total – 32,256,000
Disabled: (78.6%) Total – 22,187,678

College Bachelors Completed
White: (32.8%) Total – 64,687,489
Black: (22.5%) Total – 9,896,422
Asian: (53.9%) Total – 10,438,345
Hispanic/Latino(a): (15.5%) Total – 9,412,269
Foreign Born: (31.4%) Total – 14,067,200
Disabled: (16.7%) Total – 4,714,176

I think the numbers of people “without” formal education is the data most might consider when looking at unemployment levels.

While percentages might indicate some segments of society are more likely to be unemployed – if you look at the Totals something that stands out – there are more White people unemployed in the United States – than the three other race categories combined!

Unemployment should not be considered a racial issue (it is an issue of “anyone” not having or being able to get work) – but there may be some socio-cultural differences that are working to increase unemployment in some segments of society.

When we research we can find many things about our country that are surprising.

How about this, the Foreign Born population in the United States was 44,800,000 in 2018 – That would be the size of Argentina. This also equates to about 13.7% of the US Population – which is much higher than 1970 when the percentage was only 4.8% (and the total US population was only 205,000,000)

More stats that might cause some thinking:
Total Population: 328,239,523 (2019) (3rd Largest Country)

White: 197,217,954
(Living in Poverty per US Levels: 17,754,476 – More than the population of Netherlands!)

Black: 43,984,096 (More than the population of Iraq)
(Living in Poverty per US Levels: 9,676,501 – More than total Population of Austria)

Hispanic: 60,724,312 (non-White, More than the population of Italy)
(Living in Poverty per US Levels: 11,537,619 – More than the population of Greece)

Veterans: 18,611,432 (More than the population of Syria)
Working in Jobs: 130,881,471 (Actually working!)
Disabled under 65: 28,228,598 (About the population of Venezuela)