Summary
When tax season rolls around, it's only natural for taxpayers to wonder just what their hard-earned federal tax dollars pay for, anyway.
Washington will spend $25,117 per household in 2008 - the highest total since World War II, and an inflation-adjusted $4,300 more than in 2001. The federal government will collect $21,604 per household in taxes. The remaining $3,513 represents this year's budget deficit per household, which, along with all prior government debt, will be dumped in the laps of our children.See the full content of this document
Extract
Where Your Federal Tax Dollars Go
Washington will spend this $25,117 per household as follows:
Social Security/Medicare: $8,668. The 15.3 percent payroll tax, split evenly between the employer and employee, covers most of these costs. This system can re...See the full content of this document
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