Here’s a nifty graphic from Turbo Tax that shows where your taxes go.The chart singles out 11 categories that benefit from taxes, including national defense, international affairs, and health care. Using data from Salary.com, the chart shows for 10 different jobs the average salary, the average tax bill as a percentage of income, and the average tax bill as paid in dollars.
At the top of the heap you have the CEO, who makes $643,846 and pays 34 percent of his income (some $215, 734) in taxes. At the bottom is the janitor, who makes $28,245 and pays 16 percent of his income (some $4,585) in taxes . Strangely, all the workers depicted are men, unless those are burly cross dressing women.
A pie chart next to each job description shows how many dollars go towards each of the recipient categories. The dollars figures are different for each job but the percentages that goes to each category is the same. Note that military spending is by far the biggest recipient of our tax dollars, followed distantly by health and a nondescript category labeled “other.”
I highly recommend checking out this chart that shows where you tax dollars go.
Welcome to Bargain Babe! I’m Mara, and I’m so glad you’re here. I am an obsessive bargain hunter and penny pincher, and I am determined to live a full life without EVER paying full price.
I am always needing to save money! I am in bad financial shape and don’t have alot of money to spend on extras. I have read about peple like you who save all that money when they shop. I am lucky if I save 10.00! I have tried everything. I do not live in a place that doubles coupons. I am happy for you. But what about us old folks who need to save money.
Defense budget is the deepest taxes black hole possible. Money is pouring into the military toys and gadgets most of those expensive machines will never see dust or sweat ever.
Military defense (like women) are things we can’t live without.