Tuesday, April 18, 2017

Where Your Tax Money Goes

Today is tax day, when most Americans file their income taxes. The Wall Street Journal has helpfully broken down where our tax money goes. For every $100 you pay in federal taxes:

  • Social Security gets $23.61    
  • Medicare  gets  $15.26    
  • National defense  gets  $15.24    
  • Medicaid  gets  $9.55    
  • Interest  claims  $6.25    
  • Other spending  claims  $4.94    
  • Veterans  get  $4.58    
  • Civilian federal retirement gets   $2.57    
  • Transportation  gets  $2.39    
  • Refundable credits get  $2.21






































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