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Old 04-16-2008, 02:49 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 15,176,418 times
Reputation: 6390

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I'm glad you asked!


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Want to see where your tax dollars go? Here's the link.

NPP INCOME TAX CHART | National Priorities Embeded

If you paid 25,000 dollars in taxes... then....


$10,500 goes to Past and Current Military
$5,500 goes to Health
$2,500 goes to Interest on Non-Military Debt
$2,250 goes to Anti-Poverty Programs
$1,000 goes to Education, Training & Social Services
$1,000 goes to Government & Law Enforcement
$750 goes to Housing & Community Development
$750 goes to Environment, Energy & Science
$500 goes to Agriculture, Commerce and Transportation
$250 goes to International Relations
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Old 04-16-2008, 03:13 PM
 
20,185 posts, read 22,711,522 times
Reputation: 9269
If you really want to know... it isn't as simply put as "National Defense"... 80% of it goes to corruption and 20% goes to shut everyone up in the form of entitlements...
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Old 04-16-2008, 03:19 PM
 
15,022 posts, read 22,220,921 times
Reputation: 26306
Medicare and medicaid. That amount has and will continue to grow like crazy in the next few years, particularly if we go all out socialized medicine.

I will tell you now, that's the big budget issue. Not the cost of Iraq, not interest on the national debt, not any kind of recession, and it's somewhat related to social security. Socialized medical care expense will eat this country alive.
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Old 04-16-2008, 03:52 PM
 
Location: WA
5,595 posts, read 23,760,494 times
Reputation: 6423
NPP has an agenda so I would note that part of the 'data' is a biased interpretation.
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Old 04-16-2008, 04:40 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 15,176,418 times
Reputation: 6390
I think everyone has an agenda. Birds have an agenda. Pandas have an agenda.
Which part do you note as biased?

Do you have any charts or stats that are different? Not a challenge - I'm just curious.


Thanks!
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Old 04-17-2008, 07:01 AM
 
532 posts, read 1,185,938 times
Reputation: 138
When a country's national debt rises rapidly (like ours) it's currency gets devalued. When a currency is devalued global commodities (oil, gold) all of the sudden become much more expensive. Almost half of the run up in oil is related to our currency devaluation. This is our country's fault.
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Old 04-17-2008, 07:33 AM
 
Location: Forests of Maine
34,926 posts, read 56,762,602 times
Reputation: 26356
43% of Federal revenue comes from income taxes.

http://www.heritage.org/Research/Features/BudgetChartBook/images/charts_R/R-4.gif (broken link)

So of each dollar they spend 43 cents of it came from income taxes.
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Old 04-17-2008, 02:24 PM
 
Location: Bradenton, Florida
27,235 posts, read 44,888,481 times
Reputation: 11058
Quote:
Originally Posted by 70Ford View Post
I think everyone has an agenda. Birds have an agenda. Pandas have an agenda.
Which part do you note as biased?

Do you have any charts or stats that are different? Not a challenge - I'm just curious.


Thanks!
Committee on the Budget, U.S. House of Representatives: Home

U.S. Treasury - FAQs: Budget of the U.S. Government (http://www.ustreas.gov/education/faq/budget/us-budget.html - broken link)

For a much more detailed file...it's a PDF...
http://www.whitehouse.gov/omb/budget...8/pdf/hist.pdf
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Old 04-17-2008, 02:27 PM
 
12,034 posts, read 10,441,275 times
Reputation: 11102
Here's a historical record of receipts and outlays. Federal Funds includes income taxes, estate taxes, user fees, duties, etc. Trust Funds includes Social Security, Medicare, Gasoline taxes, etc. The trust funds had an operating surplus of 250 billion dollars last year. The rest of the government had a 410 billion dollar deficit last year and has run up a cumulative 9 trillion dollar debt. Since the government never balances its budget and reduces its debts, future interest payments appears to be the largest problem for the government. Even if they no longer ran operating deficits after this year, the government would still pay out nearly 35 trillion dollars in interest over the next 75 years. The problem rivals that of Medicare's 33 trillion dollar unfunded liability.


Historical Federal Receipt and Outlay Summary by Fund Group
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Old 04-17-2008, 02:40 PM
 
955 posts, read 2,079,457 times
Reputation: 404
Quote:
Originally Posted by Dd714 View Post
Medicare and medicaid. That amount has and will continue to grow like crazy in the next few years, particularly if we go all out socialized medicine.

I will tell you now, that's the big budget issue. Not the cost of Iraq, not interest on the national debt, not any kind of recession, and it's somewhat related to social security. Socialized medical care expense will eat this country alive.
I agree. The details of the budget are available for all to see on line. Take a close look at the defense spending portion and you will see that Iraq is not by far the largest part of the overall defense budget.

Also, the SS and social services in total is staggering when you think about it. Trust me, raising tax rate on the wealthiest is not going to solve the problem.
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