What Your Income Tax Dollar Paid For


April 18, 2016 Facebook Twitter LinkedIn Google+ Financial Service,News


You probably just filed your 2015 income taxes. The deadline to file them was today.

 

If you’re wondering what your taxes paid for the The National Priorities Project released a report that shows how the $4.2 trillion federal budget was allocated last year.

 

The average household paid $13,000 in income taxes in 2015.

The federal government used it to pay:

  • $3,728.92  on health programs
  • $3,299.13  on the military
  • $1,776.06  on interest on the debt
  • $1,040.93 on unemployment and labor programs
  • $771.26 on veterans benefits
  • $598.74  on food and agriculture programs
  • $461.59  on education programs
  • $377.50  on government expenses
  • $250.03  on housing and community programs
  • $207.68  on energy and environmental programs
  • $194.29  on international affairs programs
  • $150.68 on transportation funding
  • $143.20  on science funding
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