This is obviously an approximation, but it's an interesting one nonetheless.
Social Security is the largest draw, but it is also one of the public services at the highest risk of failure due to an increasingly large aging population (with fewer active workers contributing to the system).
Unsurprisingly, Health and National Defense are the next biggest draws from your taxes. Medicare and Medicaid are expensive, and we do have the largest military force, by a large margin. We spend more on defense than the following ten countries combined.
It's interesting to see ... but I might add a cent to my tax dollar if it meant they'd fix all these potholes.
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Where Does a U.S. Tax Dollar Go?
With tomorrow being the deadline to submit your taxes (if you haven't filed an extension), it feels appropriate to look at where your tax dollars go.
This is obviously an approximation, but it's an interesting one nonetheless.
Social Security is the largest draw, but it is also one of the public services at the highest risk of failure due to an increasingly large aging population (with fewer active workers contributing to the system).
Unsurprisingly, Health and National Defense are the next biggest draws from your taxes. Medicare and Medicaid are expensive, and we do have the largest military force, by a large margin. We spend more on defense than the following ten countries combined.
It's interesting to see ... but I might add a cent to my tax dollar if it meant they'd fix all these potholes.
Where Does a U.S. Tax Dollar Go?
With tomorrow being the deadline to submit your taxes (if you haven't filed an extension), it feels appropriate to look at where your tax dollars go.
via visualcapitalist
This is obviously an approximation, but it's an interesting one nonetheless.
Social Security is the largest draw, but it is also one of the public services at the highest risk of failure due to an increasingly large aging population (with fewer active workers contributing to the system).
Unsurprisingly, Health and National Defense are the next biggest draws from your taxes. Medicare and Medicaid are expensive, and we do have the largest military force, by a large margin. We spend more on defense than the following ten countries combined.
It's interesting to see ... but I might add a cent to my tax dollar if it meant they'd fix all these potholes.
Posted at 05:18 PM in Business, Current Affairs, Ideas, Market Commentary, Trading | Permalink
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