Almost Half of U.S. Tax Money Goes to Military and Health Care

Friday, April 06, 2012
For those paying income taxes later this month and wondering just what their money goes toward, here is a breakdown of how the U.S. government spends it.
One quarter of all income taxes are consumed by national defense, which represents the largest slice of the tax-money pie. More precisely, 10.3% goes to “ongoing operations;” 7.9% to research, development, weapons and constructions; and 5.6% to salaries and benefits.
Almost another quarter (23.7%) is spent on health care programs, such as Medicare (10.5%) and Medicaid and the Children’s Health Insurance Program (10.0%).
Among the other big ticket categories are veterans’ benefits (4.5%), military and civilian retirement and disability payments (4.4%), and food and nutrition assistance (3.7%). And—not to be overlooked—interest on the national debt…8.1%.
There are also several categories that get a lot of attention, but don’t really cost that much, relatively speaking. All international affairs spending, including military assistance, maintain embassies and humanitarian aid, makes up just 1% of total federal spending, as does all spending on science and NASA.
-David Wallechinsky, Noel Brinkerhoff
To Learn More:
Where Does Your Tax $$ Go? (by David Wallechinsky, Parade)

Are Your Tax Dollars Being Wasted? (by David Wallechinsky, Parade) 


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