Now that the federal tax deadline has passed, it’s easy to shrug your payment off as a one line expense. But it’s nice to know that if you need it, you can check exactly how the government uses its tax income. The National Priorities Project, a non profit that examines the federal budget, broke down the annual budget for 2014 to itemize the expenses the government applies tax revenue to.
From health programs (28.7%) at the top of the list to science funding (1.1%) at the bottom, there’s a composite breakdown of what taxpayer contributions are used for. CNN Money also links to an interactive tax calculator where you can see what portion of the itemized list you helped fund.
Read the full article here:
What your 2015 income tax dollars paid for