Do You Know What Your Taxes Pay For?

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Today’s smart chart comes from Huff Post blogger Chuck Marr, the director of federal tax policy at the Center on Budget and Policy Priorities. Marr posted his top 10 federal tax charts, including this one that details what our tax money is spent on. Marr writes: “Three-fifths of federal spending goes for national defense, Social Security and major health programs like Medicare and Medicaid; the rest goes for safety net programs, interest on the debt, and a wide variety of other areas.”

where taxes go

You can see other telling charts on his post, including one that shows how little taxes we collect as compared to other developed countries, trends in U.S taxation over the past 50 years and a comparison of tax rates between middle- and upper-class Americans.

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