Do Americans know where their Tax Dollars are being spent? If 63% cannot find Iraq on the world map, probably safe to assume they cannot accurately answer this question.
How the Pie is Divided;
1. 42.2% = Military Spending
The biggest chunk of your money — 42.2 cents of every income-tax dollar — goes to fund the military. Over half of it, or 28.7 cents, goes to pay for the current war and military, 10 cents goes to interest payments on past and present military debt and 3.5 cents is allocated for Veterans’ benefits.
2. 22.1% = Health
The second largest amount is spent on health care initiatives, including Medicare
3. 10.2% Interest on non-Military Debt
About ten cents of every federal tax dollar is spent on interest for non-military related national debt.
4. 8.7% = Anti-Poverty Programs
These funds go to a variety of programs to help the underprivileged. They include food assistance, supplemental income for those with low incomes and assistance for foster care and adoption programs.
5. 4.4% = Education, Training & Social Services
These funds go towards paying for elementary, secondary and higher education. Other beneficiaries include employment training centers.
6. 3.9% = Government & Law Enforcement
This area covers a variety of programs, including the cost of running the justice system, the cost of running the Social Security program and federal employee retirement and disability.
7. 3.3% = Housing & Community Development
This money is spent on housing assistance and community development programs
8. 2.6% = Environment, Energy & Science
Spending in this area goes to environmental programs, energy exploration and any programs that deal with general science, technology and space.
9. 1.5% = Transportation, Commerce & Agriculture
One-and-a-half cents of every federal income tax dollar is going towards agriculture and transportation spending
10. 1.0% = International Affairs
The smallest amount of your tax dollars goes to foreign affairs, including foreign humanitarian assistance, conduct of foreign affairs and international financial programs.
The median income family in the United States paid $2,628 in federal income taxes in 2007. Here is how that money was spent:
- Military $1,109
- Health $581
- Interest on Non-military Debt $269
- Anti-Poverty Programs $228
- Education, Training & Social Services $115
- Government & Law Enforcement $102
- Housing & Community Development $88
- Environment, Energy & Science $69
- Transportation, Commerce & Agriculture $40
- International Affairs $27