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Where Your Tax Dollars Go

April 16, 2011 | Taxes | 2 Comments

If you are curious of where your tax dollars go, Yahoo! Politics created the chart below highlighting 2010 Federal Tax Receipt for a married couple with 2 dependents making $69,800 with a federal tax bill of $6,993.  The top 5 entities where your tax dollars go are Social Security, Defense, Medicare, Low-Income Assistance and Medicaid.

 

 

 

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2 Comments to “Where Your Tax Dollars Go”

  1. Allie
    7:38 am on April 17th, 2011

    With an income of $69,800 and 2 children using the standard deductions with the Turbo tax program this family of 3 would have a tax bill of $5390.00. This would be $1603,00 less than your example.

  2. Allie
    7:40 am on April 17th, 2011

    This is an edit for the above posting. It should state for a family of 4.

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