White House: Here's Where Your Taxes Are Going
Website offers spending specifics
By Matt Cantor, Newser User
Posted Apr 15, 2013 10:46 AM CDT
The White House website reveals how your tax dollars are being spent.   (Shutterstock)

(Newser) – As you file your 1040, the White House wants you to know just how those dollars are being spent—so, for the third year in a row, it's offering a website to calculate just that. At the 2012 Federal Taxpayer Receipt, you enter your Social Security, Medicare, and income tax payments to learn what you spent where. The site offers specifics as President Obama pushes a budget that has drawn criticism from officials on both sides of the aisle, CNN notes.

CNN reviews the tax bill of a married couple with one kid, making the approximate median US income: some $50,000 a year. That family spends 1.99% of its income on income tax. The biggest portion of that, about a quarter, goes to defense spending—largely on current military operations. Some 22.45% of income tax heads to health care, the site says. Meanwhile, 1.45% of the family's household income goes to the Medicare tax. But the largest chunk, some 4.2% of income, goes to the Social Security tax.

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Showing 3 of 15 comments
hog_one
Apr 17, 2013 4:55 AM CDT
Just a few comments. 1) I wish I only paid 1.99% of my income for taxes. 2) This figure is based upon the assumation that all people pay taxes. I don't care if your rich or poor, not all people pay taxes. 3) It tries too make it look like SS is the biggest burden. That's all I have too say.
ppaca
Apr 15, 2013 8:53 PM CDT
And how many people earning in the high six-digit range can pay only 18% of his earnings in taxes, less than his secretary pays? OBAMA !!!!!!!!!!!!!!!!!!!!!!
Lefty_Libby
Apr 15, 2013 1:08 PM CDT
When VA costs are added to Defense, those costs consume 29% of the budget. Most of the wars since WWII have been optional. How absurd. Defense (war) takes nearly one-third of our nation's wealth. Sickening.