Report: Where your federal tax dollars go

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:

  • Transportation
  • Civilian federal retirement
  • Refundable credits
  • Food stamps
  • Other

Items that get $2 or less:

  • Unemployment insurance
  • Supplemental Security Income
  • Housing  assistance
  • Education
  • Foreign Aid
  • Agriculture

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.



The full CRFB breakdown with precise dollar figures (pdf)

WOOD TV8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s