The think-tank Third Way released an analysis today of where your tax dollars are going this year. An American household earning a typical income of $63,960 would pay $13,112 in federal income and payroll taxes.
Here's how that $13,112 breaks-down:
* Social Security $2,662.94
* Interest on National Debt $1,085.29
* War in Iraq $ 593.48
* War in Afghanistan $ 159.82
* All other Defense $2,008.01
* Medicare $1,697.96
* Veterans Benefits $ 355.03
* Medicaid $ 872.92
So, what about spending on needed programs on infrastructure, research to get us off fossil fuels, or assistance to needy American families?
* Road and Bridges $ 77.15
* FBI, DEA, ATF $ 41.46
* Environmental Protection (EPA) $ 34.50
* AIDS prevention $ 14.87
* Heating Assistance $ 9.90
* Renewable Energy Research $ 6.67
* Consumer Product Safety Comm. $ .29
By the way, for all the emphasis on money spent on "pork barrel projects," those accounted for just $60.45.
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