"Corn syrup, milk chocolate, sugar, cocoa butter, coconut, almond, soy lecithin… any consumer can read these ingredients and their nutritional value on every package of a 75-cent Almond Joy. What is provided to a taxpayer with a $5,400 tax bill? Nothing. For many Americans, the amount they pay in taxes is larger than any purchase they make during the year, but studies show they know almost nothing about where that money
goes to. This contributes to ridiculous beliefs, like the view that 20% of government spending goes to foreign aid, for example..."
For a US taxpayer earning $34,140 (200 median salary) and pay $5,400 in income tax + FICA would pay the following:
Social Security $1,040.70
Medicare $625.51
Medicaid $385.28
Interest on the National Debt $287.03
Combat Operations in Iraq and Afghanistan $229.17
Military Personnel $192.79
Veteran’s Benefits $74.65
Federal Highways $63.89
Health care research (NIH) $46.54
Foreign Aid $46.08
Education Funding for Low Income K-12 Students $38.17
Military Retirement Benefits $32.60
Pell Grants for Low Income College Students $29.75
NASA Space Program $28.09
Internal Revenue Service $17.69
Environmental Clean Up (EPA) $11.67
The FBI $11.21
Head Start $10.91
Public Housing $10.50
National Parks $ 4.27
Drug Enforcement Agency $3.14
Amtrak $2.23
Smithsonian Museum $1.12
Funding for the Arts $0.24
Salaries and benefits for members of Congress $0.19
Medicare $625.51
Medicaid $385.28
Combat Operations in Iraq and Afghanistan $229.17
Military Personnel $192.79
Veteran’s Benefits $74.65
Federal Highways $63.89
Health care research (NIH) $46.54
Foreign Aid $46.08
Education Funding for Low Income K-12 Students $38.17
Military Retirement Benefits $32.60
Pell Grants for Low Income College Students $29.75
NASA Space Program $28.09
Internal Revenue Service $17.69
Environmental Clean Up (EPA) $11.67
The FBI $11.21
Head Start $10.91
Public Housing $10.50
National Parks $ 4.27
Drug Enforcement Agency $3.14
Amtrak $2.23
Smithsonian Museum $1.12
Funding for the Arts $0.24
Salaries and benefits for members of Congress $0.19
That's right, paying interest on the national debt is where the 4th highest percentage of our taxes go to.
If you want to tailor these numbers to what you are paying in income tax for 2010, check out this website.
Please pass this on to other tax-payers, because as Kendall and Kessler said "An electorate unschooled in basic budget facts is a major obstacle to controlling the nation’s deficit, not to mention addressing a host of economic and social problems..."
Needless to say, The Thrifty Scholar concurs!
Please pass this on to other tax-payers, because as Kendall and Kessler said "An electorate unschooled in basic budget facts is a major obstacle to controlling the nation’s deficit, not to mention addressing a host of economic and social problems..."
Needless to say, The Thrifty Scholar concurs!
THANK YOU
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