Here is yet another attempt at demystifying Federal Spending: wheredidmytaxdollarsgo.com

Here is where taxes on a theoretical $100k in salary goes:

>

click for interactive graphic

Via Mike R

Category: Digital Media, Taxes and Policy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

18 Responses to “Where do your tax dollars go?”

  1. b_thunder says:

    yes, i made less than 6-figures, and my rate was 5% higher than Buffett’s

    i guess we can cut capital gains and corporate taxes at least in half…. make me pay 2x Buffett’s rate

  2. t1dude says:

    Once again, I’m not sure if this accounts for payroll AND income taxes, or just income tax. It looks like its just income tax, in which case, this is totally inaccurate since SS and Medicare are mostly funded by the payroll tax.

  3. Greg0658 says:

    I should get off the keys and go make this (paste in Utube) .. but alas:

    1. picture a pile of smoldering coals – with a plate of steel in the shape of the USA riding over them
    2. picture some dollars pushing around inside the steel plate – bouncing all around to Washington and back to Springfield and to California and NewYork (and those other 47)

    Q> when do the dollars burn up and dissolve or evaporate and loose their mana?
    A> when they go off the plate into foreign lands – not quite burning up – but close enough

    its not taxes – its where they flow – and into who’s hands (to go where?)
    ROI or to export – that is the question

  4. ByteMe says:

    Which slice of that pie is the “waste, fraud, and abuse” slice I keep hearing about that all we need to do is eliminate that and the deficit is history?

  5. Mike in Nola says:

    This chart is obviously incomplete. I don’t see the big slice allocated to Public Broadcasting that would balance the budget if it was cut.

  6. jack says:

    may be the best attempt i have seen at this genre. i also linked to the ‘income security’ pie slice, wondering ‘how is this different than social security?’.

    heard an interview with a congressman who wants to have a version of this mailed to every tax payer, based on their actual IRS filings, and that it would cost $17m to do that. seems to me to be a reasonable idea for debate, unless the gallery here has an objection i haven’t thought of.

  7. timsch says:

    Where do all of the bailouts figure into this? Nothing is jumping out at me.

  8. DL says:

    This chart comingles income taxes and FICA taxes. The ratio between the two varies considerably from one person to the next. Millions of people pay no Federal income tax at all.

  9. MorticiaA says:

    I don’t see how much of my money went to Planned Parenthood.

    1,900 of my household’s hard-earned dollars went to the VA. Freeloading veterans. They just need to pull themselves up by their bootstraps like the rest of us. I’ll bet some of them had parents who weren’t born in the U.S.

  10. louiswi says:

    Once again, that light blue piece labeled National Defense does not represent National Defense. A significant piece of that piece represents flat out war-war just for the fuck of it.

  11. Jojo says:

    I wonder how high unemployment would jump if the pols really did cut back on military-industrial bomb/weapon construction, war mongering, spreading FUD and so on? And how much would they lose in campaign contributions?

    This is why they won’t make any significant cuts in this area.

  12. formerlawyer says:

    @Morticia

    Sounds like they are already moving in that direction:

    http://www.huffingtonpost.com/2011/04/19/military-veterans-at-priv_n_851257.html

  13. Herb2 says:

    Common folk can mostly do little more than stand around like old cows and be milked as the expense of avoiding the tax would cost more than the tax, but those, probably most readers, who do investing can become as skilled as corporations when it comes to tax time.

    Even the minimally skilled can convert their income to long term capital gains, which are taxed at only 15%, and can buy municipal bonds, which are tax free.

    If corporations are people and all people were created equal, corporations would be subject to an alternative minimum tax.

  14. ilsm says:

    jojo,

    The increase of a couple of million unrpoductive jobs into the unemployment rolls will be covered by spending the money on infrastructure, instead of expensive boondoggles.

    The military industrial complex is a jobs program but it is a too burdensome trough and the money better spent eslewhere.

    ByteMe,

    Waste, fraud and abuse (WFA) is a triangular relationship, waste is what happens to resources, abuse is misuse of those resources and neither occur separate from someone lying (fraud).

    Most of it by percentage is in pentagon euphemistically labelled defense. When they lied their way into two wars they caused a lot of waste and abuse.

    When they lied their way to selling the idea of steaming around the lonely oceans 11 aircraft carriers they caused a lot of waste and abuse.

    When they lied their way into commttting a trillion bucks for the under performing F-35, they caused a lot of waste and abuse.

    When they lied their way into needing to start replacing the 11 aircraft carriers at $35B for the first two, they caused a lot of waste and abuse.

    Mosytly in the defense trough.

  15. Jojo says:

    @ilsm said jojo,

    The increase of a couple of million unrpoductive jobs into the unemployment rolls will be covered by spending the money on infrastructure, instead of expensive boondoggles.

    The military industrial complex is a jobs program but it is a too burdensome trough and the money better spent eslewhere.
    ————
    1. I don’t think that we can support the addition of a couple more million bodies into the unemployment roles at this time (unless of course the BLS sticks then in their discouraged category, making them magically disappear.

    And even if it were politically possible to cutback the military by 2 million bodies, WHY would we give any infrastructure jobs to these newly unemployed instead of the already unemployed? There’s around 14 million official unemployed bodies available right now.

  16. DrSandman says:

    It significantly undercounts taxes for MFJ. 2 Guvvies in Washington DC on GS-14 payscales (like, say, two professionals) each make ~$106k. Each pays Socialist security and FICA, not on the total combined $212. That is, it halves the SS & Mediscare actually paid.

    Other than that, it’s great to see this.

  17. Greg0658 says:

    thanks for carry’g the bucket further .. the USA needs its people working and circulate’g cash round’n'about USA circles .. if those new aircraft carriers only used 100% american made stuff (and oil) we’d only be waste’g muscle exertion & I’d say whats wrong with that (I can hear “now just wait a minute”)

    how about we build some pyramids for beer? wait – somebody did that …. hummmm
    http://www.amazon.com/History-World-Six-Glasses/dp/0802714471

    ps – is the brain considered a muscle?