Nocturnal
04-10-2008, 10:11 AM
http://www.cnbc.com/id/24033281
I can't help but think we could spend a lot less on #1 if we spent more on #8.
Those of us who are aware of the world probably knew most of these. Still it's informative to break it down in such frank terms. How much did you pay income taxes last year....
#1 42.2 cents of each dollar paid goes to the Military
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. (Photo: AP)
#2 22.1 cents -Health
The second largest amount is spent on health care initiatives, including Medicare. (Photo: AP)
#3 10.2 cents -non military debt Defecits don't matter? Who wouldn't like to see a 10% reduction in our income taxes...without giving up anything.
About ten cents of every federal tax dollar is spent on interest for non-military related national debt. (Photo: AP)
#4 8.7 cents per dollar - 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. (Photo: AP)
#5 4.4 cents, Education, training and social services
These funds go towards paying for elementary, secondary and higher education. Other beneficiaries include employment training centers. (Photo: AP)
#6 3.9 cents - Government and 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. (Photo: AP)
#7 3.3 cents - Housing and community development
#8 2.6 cents - Enviornment, energy and the sciences
Spending in this area goes to environmental programs, energy exploration and any programs that deal with general science, technology and space. (Photo: AP)
#9 1.5 cents - Agriculture, commerce and transportation
#10 1 cent - 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. (Photo: AP)
I can't help but think we could spend a lot less on #1 if we spent more on #8.
Those of us who are aware of the world probably knew most of these. Still it's informative to break it down in such frank terms. How much did you pay income taxes last year....
#1 42.2 cents of each dollar paid goes to the Military
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. (Photo: AP)
#2 22.1 cents -Health
The second largest amount is spent on health care initiatives, including Medicare. (Photo: AP)
#3 10.2 cents -non military debt Defecits don't matter? Who wouldn't like to see a 10% reduction in our income taxes...without giving up anything.
About ten cents of every federal tax dollar is spent on interest for non-military related national debt. (Photo: AP)
#4 8.7 cents per dollar - 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. (Photo: AP)
#5 4.4 cents, Education, training and social services
These funds go towards paying for elementary, secondary and higher education. Other beneficiaries include employment training centers. (Photo: AP)
#6 3.9 cents - Government and 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. (Photo: AP)
#7 3.3 cents - Housing and community development
#8 2.6 cents - Enviornment, energy and the sciences
Spending in this area goes to environmental programs, energy exploration and any programs that deal with general science, technology and space. (Photo: AP)
#9 1.5 cents - Agriculture, commerce and transportation
#10 1 cent - 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. (Photo: AP)