Where do your tax dollars go? - myfoxcarolinas.com

Where do your tax dollars go?

Posted: Updated:
ATLANTA -

The amount of money many of us pay in taxes in a given year is often times larger than any purchase we'd make.  Where does that really money go?  Well, there is a way to find out.

You can find out by going to Your Federal Taxpayer Receipt on the White House's web site.

According to two republican pollsters, most Americans think the government spends more on defense and foreign aid than Medicare or social security. But they are wrong.

As an example, here's where the money goes for a family of four making $80,000 a year:.

  • Social Security tax - $3,360.00
  • Medicare taxes - $1,160.00
  • National defense - $1,101.16
  • International affairs - $76.87

What surprises most people is that only $77 goes to international affairs, with only about half of that for traditional foreign aid.  
 
If you scroll through you can find out how many of your dollars go to science, agriculture, education and many more categories. If you want to see just where your tax dollars are going  click here!

  • I-Team Story ArchiveMore>>

  • Legal ethics expert: Crisis of Public Confidence

    Legal ethics expert: Crisis of Public Confidence

    Thursday, July 24 2014 10:43 PM EDT2014-07-25 02:43:53 GMT
    The Georgia State Professor of Law and Ethics says Georgia citizens are facing a crisis of public confidence due to the unfolding drama at the Georgia Government Transparency and Campaign Finance Commission.
    The Georgia State Professor of Law and Ethics says Georgia citizens are facing a crisis of public confidence due to the unfolding drama at the Georgia Government Transparency and Campaign Finance Commission.
  • Credit Cards v Charge Cards

    Credit Cards v Charge Cards

    Wednesday, July 23 2014 7:48 AM EDT2014-07-23 11:48:23 GMT
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
    You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.
  • FOX 5 I-Team Investigates

    Child traumatically injured in beach house elevator

    Child traumatically injured in beach house elevator

    Monday, July 21 2014 8:09 AM EDT2014-07-21 12:09:54 GMT
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
    Another child has been seriously injured in a residential elevator accident. This is a warning for any family renting a beach house.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

Powered by WorldNow

WJZY FOX 46
3501 Performance Rd.
Charlotte, NC 28214
Main Number: (704) 398-0046

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices