It’s April 15: Do You Know Where Your Income Tax Dollars Are Going?By Jeremy Adam Smith | April 15, 2008 | 0 comments
Americans tend to think we are better off than families in most other industrial countries because we pay lower income taxes. But when we factor in the higher amount Americans pay for health care, child care, and education, the comparison is not always in our favor. Where do American families' tax dollars go and what family "value" they get in return?
For every $100 in income tax:
- $32 goes to national defense
- $19 goes to interest on the national debt
- $15 goes to supplemental programs such as TANF, child tax credits, and farm subsidies
- $14 goes to health
- $6 goes to education, employment, and social services
- $4 goes to transportation
- $2 goes to administration of justice
- $2 goes to environment and natural resources
- $2 goes to international affairs
- $1 goes to community and regional development
- $1 goes to agriculture
- $1 goes to science, space, and technology
- $1 goes to the commerce and housing funds.
Want to find out more, including how the United States compares to other countries? See the full report.
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About The Author
Jeremy Adam Smith edits the GGSC’s online magazine, Greater Good. He is also the author or coeditor of four books, including The Daddy Shift, Are We Born Racist?, and The Compassionate Instinct. Before joining the GGSC, Jeremy was a 2010-11 John S. Knight Journalism Fellow at Stanford University. You can follow him on Twitter!