Where are my taxes going?

TaxAct ^ | 1/29/2012 | JoSixChip

[JoSixChip]

Where Does Your Tax Money Go Ever wonder where your tax dollars are spent each year? The table below provides a summary of government tax spending percentages applied to the tax you paid in.

Your Money Is Spent On Your Share % National Defense $4,176 20% Veterans and Foreign Affairs $835 4% Medicaid, Food Stamps, and Related Programs $3,340 16% Unemployment and Social Services $1,879 9% Social Security, Medicare, and Other Retirement $7,516 36% Net Interest on the Debt $1,253 6% Law Enforcement and General Government $418 2% Physical, Human, and Community Development $1,461 7% Total Paid $20,878 100%

[JoSixChip]

This is on $88k taxable income in 2011 and does not include state, county, city, property, energy and all the other ways the government extorts money from me.

I see no way out of this madness, I feel like I have been raped!

[entropy12]

You are correct. We are closer to Greece than most people realize. By the way I have used TaxAct software for several years and it works very well.

[ProtectOurFreedom]

Except for Defense...

[EGPWS]

Where are my taxes going?

[goseminoles]

Without looking at my paystub, I paid about $2,500 last year in federal taxes. Where do you live??

[familyop]

..."Social Services $1,879 9%...Other Retirement $7,516 36% Net Interest on the Debt $1,253 6% Law Enforcement and General Government $418 2% Physical, Human, and Community Development $1,461 7%"...

Otherwise known as regulatory behaviorism, necessary for preventing us trashy rednecks from starting new, small manufacturing shops and agricultural operations.

[JoSixChip]

Colorado