A married person with one child making $50,000 a year will pay exactly $3,820 in federal taxes. Of those, $2100 is allocated to Social Security, and $725 is distributed Medicare. This leaves a whopping $995 to be used to pay for programs administrated by the Federal
government. That money is broken down below in its entirety:
- National Defense $247.75 / 24.9%
- Health care — $235.81 / 23.7%
- Job and Family Security — $190.05 / 19.1%
- Net Interest — $73.63 / 8.1%
- Veterans Benefits — $44.77 / 4.5%
- Education and Job Training — $35.82 / 3.6%
- Natural Resources, Energy, and Environment — $19.90 / 2.0%
- Immigration, Law Enforcement, and Administration of Justice — $19.90 / 2.0%
- International Affairs — $15.92 / 1.6%
- Science, Space, and Technology Programs — $9.95 / 1.0%
- Agriculture — $6.96 / 0.7%
- Community, Area, and Regional Development — $4.98 / 0.5%
- Response to Natural Disasters — $3.98 / 0.4%
- Additional Government Programs — $78.61 / 7.9%
The category needed for examination is “Job and Family
Security”, which comprises 19.1% of all of the $995 paid in. In the
future I will examine other categories in more detail. The breakdown of
the $190.05 is listed below:
- Unemployment insurance — $22.88 / 2.3%
- Food and nutrition assistance — $36.82 / 3.7%
- Housing assistance — $19.90 / 2.0%
- Earned income, Making Work Pay, and child tax credits — $32.84 / 3.3%
- Supplemental Security Income — $18.91 / 1.9%
- Federal military and civilian employee retirement and disability — $43.78 / 4.4%
- Child care, foster care, and adoption support — $5.97 / 0.6%
- Temporary Assistance for Needy Families — $6.96 / 0.7%
- Railroad retirement and additional income security — $4.98 / 0.5%
5. The money taxed for Social Security and MediCare does NOT go to those programs.
A few observations: 1 - These numbers come from the White House, so you pretty much have to assume there is a biased...
very interesting.
A really, really good breakdown. I love things like this, because it forces those opposed to government assistance to...