Q:

How much tax money goes to prisons?

A:

Approximately 5 percent of state budgets, which are funded through taxpayers, go towards prisons and corrections programs. On the flip side, approximately 25 percent is used to fund K to 12 education.

Know More

Full Answer

Each year, about $50 billion goes towards the costs for prisons and corrections programs, which also includes juvenile justice programs and parole activities. There has been more money spent within the prison system in recent years at the state level, but even so, it remains a small portion of the total state budget. Transportation budgets, which is used to repair bridges and build roads, are approximately the same as that of prisons and corrections programs.

Learn more in Taxes
Sources:

Related Questions

  • Q:

    How do you gift money to family members tax free?

    A:

    A person can gift money to a family member without paying tax by not exceeding the basic exclusion amount, notes the official web site of the Internal Revenue Service. The basic exclusion amount is a lifetime limit that is used in gift tax and estate planning.

    Full Answer >
    Filed Under:
  • Q:

    How much money is typically taken out of your paycheck?

    A:

    The withholding rates for 2015 include Social Security withholding of 6.2 percent for the employer and 6.2 percent for the employee for a total of 12.4 percent; Medicare withholding is 1.45 percent for the employer and a matching 1.45 percent for the employee for a total of 2.9 percent, according to the Internal Revenue Service. Employers are responsible for deducting these amounts from an employee's gross wages and making payments to the United States Treasury on the employee's behalf.

    Full Answer >
    Filed Under:
  • Q:

    How much federal tax is charged on gasoline?

    A:

    As of February 2015 18.4 cents per gallon is the rate of federal tax charged on gasoline. The federal tax charged on diesel is 24.4 cents per gallon. A state tax is also charged on gasoline; however, the exact amount of the tax varies based on the specific state.

    Full Answer >
    Filed Under:
  • Q:

    How much federal tax comes out of my paycheck?

    A:

    The amount of federal income tax that comes out of a person's paycheck depends on the person's number of exemptions, salary deductions (such as health insurance), marital status and earnings. The person's taxable gross wages is equal to the person's gross earnings (wages before deductions) plus taxable fringe benefits plus taxable employer-paid benefits minus any pre-tax deductions.

    Full Answer >
    Filed Under:

Explore