100-Year Review of USA Inc.’s Basic Income Statement

100-Year Review of USA Inc.’s Basic Income Statement Including Revenue & Expense Drivers as Percent of GDP 1910 "*" 1920 """ 1930 """ 1940 "*"" 1950 ""* 1960 """ 1970 "*" 1980 """ 1990 """ 2000 ""*| 2008 2009 2010 Revenue ($B) h $7 $4 $7 $41 $92 $193 $517 $1,032 $2,025 [$2,524 $2,105 $2,163 % of GDP 8% 4% 7% 15% 18% 19% 19% 18% 21% 18% 15% 15% Individual Income Taxes $1 $1 $1 $16 $41 $90 $244 $467 $1,004 = $1,146 $915 % of GDP 1% 6% 8% 9% 9% 8% 10% 8% 6% Social Insurance Taxes $2 $4 $15 $45 $158 $380 $653 $900 $891 % of GDP 2% 2% 3% 4% 6% 7% 7% 6% 6% Corporate Income Taxes $1 $1 $10 $21 $33 $65 $94 $207 $304 $138 % of GDP 1% 1% 4% 4% 3% 2% 2% 2% 2% 1% Other* $3 $3 $10 $16 $24 $51 $92 $161 $174 $161 % of GDP 3% 3% 4% 3% 2% 2% 2% 2% 1% 1% Expense ($B) $9 $43 $92 $196 $591 $1,253 $1,789 $2,983 $3,518 $3,456 % of GDP 7% 4% 9% 16% 18% 19% 22% 22% 18% 21% 25% 24% Defense $2 $2 $14 $48 $82 $134 $299 $294 $616 $661 % of GDP 3% 2% 5% 9% 8% 5% 5% 3% 4% 5% Interest on the Debt $1 $5 $7 $14 $53 $184 $223 $253 $187 % of GDP 1% 2% 1% 1% 2% 3% 2% 2% 1% Social Security $0 $1 $12 $30 $119 $249 $409 $617 $683 % of GDP 0% 0% 2% 3% 4% 4% 4% 4% 5% Healthcare $0 $0 $1 $12 $55 $156 $352 $671 $764 % of GDP 0% 0% 0% 1% 2% 3% 4% 5% 5% 6% Other** $6 $23 $25 $57 $231 $365 $511 $825 $1,222 = $1,039 % of GDP 6% 8% 5% 6% 8% 6% 5% 6% 9% 7% Surplus / Deficit ($B) $2 $0 $3 $74 $221 $236 $459 = -$1,413 -$1,293 % of GDP -1% 0% 0% -3% -4% 2% -3% -10% -9% Note: Data are not adjusted for inflation. *Other revenue includes customs and excise / estate taxes. **Other expenses include spending on law enforcement KP / education / public infrastructure / energy, etc. Source: 1910 — 1930 per Census Bureau, 1940-2010 per White House OMB. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 59 100-Year Review of USA Inc.’s Basic Income Statement Including Revenue & Expense Drivers as Percent of Revenue & Expenses 1910 =*" 1920 *** 1930 "** 1940 “** 1950 *"* 1960 "** 1970 "*" 1980 "** 1990 "*" 2000 "*"| 2008 2009 2010 Revenue ($B) $0.7 $7 $4 $7 $41 $92 $193 $517 $1,032 $2,025 $2,524 $2,105 $2,163 % of GDP 2% 8% 4% 7% 15% 18% 19% 19% 18% 21% 18% 15% 15% Individual Income Taxes $1 $1 $1 $16 $41 $90 $244 $467 $1,004 $915 % of Revenue 16% 28% 16% 38% 44% 47% 47% 45% 50% 43% Social Insurance Taxes $2 $4 $15 $45 $158 $380 $653 $891 % of Revenue 25% 11% 16% 23% 31% 37% 32% 42% Corporate Income Taxes - $1 $1 $10 $21 $33 $65 $94 $207 $138 % of Revenue - - 31% 14% 26% 23% 17% 12% 9% 10% 7% Other* $0.7 $6 $3 $3 $10 $16 $24 $51 $92 $161 $161 % of Revenue 100% 84% 72% 45% 25% 17% 13% 10% 9% 8% 8% Expense ($B) $0.7 $6 $3 $9 $43 $92 $196 $591 $1,253 $1,789 $2,983 $3,518 $3,456 % of GDP 2% 7% 4% 9% 16% 18% 19% 22% 22% 18% 21% 25% 24% Defense $0.3 $2 $1 $2 $14 $48 $82 $134 $299 $294 $616 $661 $694 % of Expense 45% 37% 25% 20% 32% 52% 42% 23% 24% 16% 21% 19% 20% Interest on the Debt $0 $1 $1 $1 $5 $7 $14 $53 $184 $223 $253 $187 $196 % of Expense 3% 16% 20% 11% 11% 8% 7% 9% 15% 12% 8% 5% 6% Social Security - $0 $1 $12 $30 $119 $249 $409 $617 $683 $707 % of Expense - 0% 2% 13% 15% 20% 20% 23% 21% 19% 20% Healthcare $0 $0 $1 $12 $55 $156 $352 $671 $764 $821 % of Expense 1% 1% 1% 6% 9% 12% 20% 23% 22% 24% Other** $6 $23 $25 $57 $231 $365 $511 $825 $1,222 $1,039 % of Expense 52% 47% 55% 68% 54% 27% 29% 39% 29% 29% 28% 35% 30% Surplus / Deficit ($B) -$0 $0 $1 -$2 -$2 $0 $3 -$74 $221 $236 $459 = -$1,413 _ -$1,293 % of GDP 0% 0% 1% -2% -1% 0% 0% -3% -4% 2% -3% -10% -9% Note: Data are not adjusted for inflation. *Other revenue includes customs and excise / estate taxes. **Other expenses include spending on law enforcement / KP education / public infrastructure / energy, etc. Source: 1910 — 1930 per Census Bureau, 1940-2010 per White House OMB. (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 60 HOUSE_OVERSIGHT_020871