Your tax dollars at work
If you are writing a check to your state department of revenue or the IRS over the next few weeks, or are simply reminded by tax time just how much you send along to the government each year, you may well wonder where all that money is going.
The Center on Budget and Policy Priorities put together two graphics which capture the highlights.
First the states:
Like the states, the federal government spends big on healthcare.
Education drops off, however, replaced by spending on Social Security and national defense:
Another way of looking at this is in dollars. There’s a calculator at USATaxDollars.com that will show you how your federal taxes are spent in dollars.
Someone who made $100,000 last year and paid $26,641 to the U.S. Treasury, for example, paid for $5,472 worth of Social Security, $5,421 of defense, $3,503 of Medicare, $751 of veterans’ benefits and services, $312 of international affairs, and so on.
They paid $2,334 of interest on the national debt as well.