How your taxes get spent

Your Money Is Spent On	Your Share	%
National Defense	$4,828.00	20%
Veterans and Foreign Affairs	$1,016.00	4%
Medicaid, Food Stamps, and Related Programs	$3,303.00	14%
Unemployment and Social Services	$1,525.00	6%
Social Security, Medicare, and Other Retirement	$9,655.00	37%
Net Interest on the Debt	$2,287.00	8%
Law Enforcement and General Government	$508.00	2%
Physical, Human, and Community Development	$2,287.00	9%
Total Paid	$25,409.00	100%

When I filed with TaxACT.com they computed a summary for me of where my taxes went. I don't begrudge $5K on national defense, and $500 for law enforcement seems okay to me too. The $12K on Medicaid and Social Security are of more concern to me, and $2K for the national debt is non-trivial too, especially given how low interest rates are right now. It's easy to imagine that ballooning to $5K or more per year once interest rates go back to normal levels.

 

Presumably your taxes are spent in about the same way.

 

-Max

--
"When people are married, instead of trying to get rid of each other, reflect that you have made your choice, and strive to honour and keep it." --Brigham Young

If you're so evil, eat this kitten!