Where Do Our Federal Tax Dollars Go?

April 4, 2012 at 4:27 pm

As we approach the April 17 deadline for filing our federal taxes, many people probably can’t help wonder what their tax dollars are buying these days. Here’s our attempt to answer the question.

Where Do Your Federal Tax Dollars Go?

Click here for the latest update of our Policy Basic on this issue.

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  1. Andrew Freireich #
    1

    In “Where Do Your Tax Dollars Go”, you show what are commonly described as “Entitlements”- Medicaid, Medicare and Social Security, as portions of the Federal Expense. My problem with this is that we Americans pay out of our earnings, in excess of taxes, for these programs. What I think would be more illustrative would be to show what portion of these programs, if any, the Federal budget subsidizes in excess of their earnings, and to have a separate chart to show actual expense by these programs as a percentage of their accumulated earnings (The Social Security Trust Fund).

    In addition, there has been much talk of the fact that the Social Security System is using our tax dollars, but it’s really a savings program separate from the Federal Tax program. The citizens of the US owe the Social Security Trust Fund a huge amount of money, and it would be useful to show the extent of this debt somewhere.



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