USA Facts: Which states contribute more than they receive?

USA Facts: Which states contribute more than they receive?

"In FY 2024, the federal government collected around $5.07 trillion from states and their residents. With 38% coming from the nation’s 4 most populous states: California (15.9%), Texas (8.2%), New York (7.6%), and Florida (6.4%).

19 states sent more money than they received — California has the largest difference of $276B between what they sent and what they got back.

About $4.87 trillion was redistributed back to states and residents through programs like Social Security, Medicaid, Medicare, food stamps, and education grants.

The states that received the most funds compared to what they paid were:

📍 Virginia (+$89B)
📍 Alabama (+$45B)
📍 South Carolina (+$39B)

Where does your state fall?"

* Mass is in the Top 19 in sending more than receiving back

Shared from -> https://www.instagram.com/p/DUEX-mJkqRM/

See more at USA Facts -> https://usafacts.org/