Ever Wonder Where Your Taxes Go?

Now with the 2010 tax season over, some taxpayers would like to know where there taxes go.
Here is a general breakdown of where your tax dollars go:

1. Social Security 20.6%

2. Defense 20%

3. Medicare 13.2%

4. Medicaid 7.2%

5. Help for low income 9%

6. Net interest on debt 6.5%

7. Everything else including, transportation 3.3%, education 1.9%, federal employees’ and military retirement 3.3%, science and space .9%, homeland security 1.3%. International aid is about 1.7% and half of that is for humanitarian assistance. Environmental and natural resource programs 6%.

 

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