Liberal Democrat

Liberal Democrat
Individual Freedom For Everyone

Thursday, October 25, 2012

CBPP: Policy Basics: Where Do Our Federal Tax Dollars Go?


Source:CBPP- talking about the U.S. Federal budget.

"The Center's Tax Policy Analyst, Chye-Ching Huang, and Director of Federal Tax Policy, Chuck Marr, discuss where our federal tax dollars go.  Topics include defense and international security assistance, Social Security, and health insurance and safety net programs.  

Chuck Marr, "Obviously, paying taxes is an obligation.  It's not always fun.  But I think as you've seen in this video if you step back and think about where your tax dollars go -- whether it's for gear for a soldier, whether it's to provide a new hip to an elderly person, or a college scholarship to a kid to be the first person in his family to go to college -- I think you'll feel a little bit better."


Our Federal tax revenue goes to pay for defense, entitlements, and payments to on our national debt. Thats what most of the Federal budget funds, with money left over to cover things like education, agriculture assistance, environmental protection, and other programs.

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