Power of Story Send a Tweet        

Share on Google Plus Share on Twitter 2 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (3 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   4 comments
General News

Almost Half of U.S. Tax Money Goes to Military and Health Care

Quicklink Submitted By       Message Amanda Lang     Permalink

Related Topic(s): ; ; ; , Add Tags  

Must Read 2  
View Ratings | Rate It

opednews.com Headlined to H2 4/6/12

Author 5
Become a Fan
  (9 fans)
For those paying income taxes later this month and wondering just what their money goes toward, here is a breakdown of how the U.S. government spends it.

One quarter of all income taxes are consumed by national defense, which represents the largest slice of the tax-money pie. More precisely, 10.3% goes to 'ongoing operations;' 7.9% to research, development, weapons and constructions; and 5.6% to salaries and benefits.

Almost another quarter (23.7%) is spent on health care programs, such as Medicare (10.5%) and Medicaid and the Children's Health Insurance Program (10.0%).

Among the other big ticket categories are veterans' benefits (4.5%), military and civilian retirement and disability payments (4.4%), and food and nutrition assistance (3.7%). And--not to be overlooked--interest on the national debt'8.1%.
Read the rest of the story HERE:

At www.allgov.com


- Advertisement -

Must Read 2  
View Ratings | Rate It


OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -