Sunday, April 23, 2017

WSJ: How $100 Of Your Taxes Are Spent

WSJTaxProf Blog:
Wall Street Journal, How $100 of Your Taxes Are Spent:
"...To answer the question, here is a “Taxpayer Receipt” showing how each $100 of taxes was spent, both for 2016 and five years earlier...
Looking at the list of expenditures, it is clear why some say the U.S. is a giant insurance company with an army. 
Half of all spending goes for Social Security benefits and health programs such as Medicare and Medicaid, while another 20% is for defense and military benefits..."

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