Taxes
Where Your Tax Money is Going in 2016
During the 2016 fiscal year, the government is working with a federal budget of 4.1 trillion dollars—a hefty chunk of change. If you’re curious about exactly how the government chooses to use your hard-earned taxpayer money and want to find out some ...
Oct. 27, 2015
The folks over at Community Tax just shared an enlightening infographic with us that details exactly where our tax money goes each year. This interesting chart is filled with some shocks and some not-so-surprising budget choices; either way, it’s great to know exactly where your money winds up.
During the 2016 fiscal year, the government is working with a federal budget of 4.1 trillion dollars—a hefty chunk of change. Our taxes are used to finance public services, and many of the findings from the Community Tax study are to be expected, but some of them might surprise you. For example, did you know that the American people have spent about $3.9 billion on privately-owned football stadiums since 2000? Remember that the next time you’re watching Monday Night Football. Another shocking twist? About $10 million dollars of taxpayer money was used to promote the Coast Guard in Hollywood’s recent Superman movie.
If you’re curious about exactly how the government chooses to use your hard-earned taxpayer money and want to find out some more unexpected government expenditures, check out the infographic for more of the nitty gritty details.