UNDATED (WOOD) — Tuesday was the deadline to file federal tax returns. Having given your hard-earned money to the federal government, you’re entitled to know precisely what it’s paying for.
Of each $100 paid in taxes, nearly $24 goes to defense and military benefits, a report from the Committee for a Responsible Federal Budget (CRFB) shows. That part of the budget get the largest piece of the pie.
Only five other budget items get more than $5 of each $100:
- Social Security, which gets about $23
- Health, which gets about $22
- Medicare (as part of the health’s piece of the pie), which gets about $14
- Medicaid (as part of health), which gets about $7
- Interest, which gets about $6
Veterans benefits gets a little more than $4 out of every $100, but nothing else tops $3, according to the CRFB breakdown.
Budget items that get between $2 and $3:
- Civilian federal retirement
- Refundable credits
- Food stamps
Items that get $2 or less:
- Unemployment insurance
- Supplemental Security Income
- Housing assistance
- Foreign Aid
And Loren Adler of the CRFB, who worked out the breakdown, told 24 Hour News 8 that only $.004 of every $100 goes to congressional salaries.