Where Do Your Tax Dollars Go? | AccountingWEB

Where Do Your Tax Dollars Go?

The IRS has added a new page to its web site. You can enter the amount of tax you paid in 1999 and click a pizza pie slicer – the result will be a breakdown of the major categories of government spending with a listing of how much of your tax dollars went to each category.

The breakdown appears as follows:

16% National Defense
6% Medicaid
11% Medicare
14% Unemployment, disability, other income
23% Social Security
13% Interest payments
17% Other

Besides breaking down your tax dollars into the above categories, you can click on any one of the categories for a more detailed description of what is included in the categories.

The site also provides a general list of other government budget items and the total tax dollars allocated to those items.

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