The revenue the government collects via taxes is used to fund Social Security, health care, the military, education, scientific research, the space program, transportation, agricultre, environmental programs, the justice system and more.
Many Americans overestimate how much of tax money goes toward government
programs, and taxpayers may underestimate the amount of taxes spent on other
Most people think that they are paying too much tax at some time or other! At the
same time, ... On this page, we want to explain what your tax money is used for.
The federal taxes you pay are used by the government to invest in technology
and education, ... Get more with these free tax calculators and money-finding
Mar 4, 2016 ... ... to examine what the government does with the money it collects. ... on the
basis of classifications commonly used by budget agencies.
Income tax is tax paid on money you earned from working or from investments. ...
to imagine that my own particular tax dollars are used for meaningful things like ...
tax money Source. Each year in ... How Are the Funds Used? Federal income
taxes are used to pay for virtually anything under the sun. Each year, the federal ...
May 22, 2015 ... A big chunk of that money comes directly from you, the taxpayer. The government
gets most of its spending money via tax revenue, including ...
Apr 18, 2016 ... Health and defense sucked up half of your federal income tax dollars, while less
than two cents of every dollar you paid went to housing or to ...
Nov 22, 2016 ... A large percentage state and local sales tax money typically goes to the general
fund, but some is earmarked for special purposes. State and ...