How Does the Government Spend My Taxes?
Policy Basics: Where Do Our Federal Tax Dollars Go?
Social Security: In 2023, 21 percent of the budget, or $1.4 trillion, was spent on Social Security, which provided monthly retirement benefits ...
Federal Spending | U.S. Treasury Fiscal Data
The federal government spent $6.75 trillion in FY 2022. This means federal spending was equal to 23% of the total gross domestic product (GDP), or economic ...
How Does the Government Spend My Taxes? - Investopedia
All US government spending can be divided into three categories: mandatory spending, discretionary spending, and interest on the federal debt.
How does the federal government spend its money?
About 45 percent of FY 2022 discretionary spending went towards national defense, and most of the rest went for domestic programs, including transportation, ...
How Are Federal Taxes Spent? - TurboTax Tax Tips & Videos - Intuit
The federal taxes you pay are used by the government to invest in the country and to provide goods and services for the benefit of the American ...
Do You Know Where Your Federal Tax Dollars Go?
The federal government collects revenue from a variety of sources, including individual income taxes, payroll taxes that fund Social Security ...
America's Finance Guide | U.S. Treasury Fiscal Data
In fiscal year 20251, the federal government has collected $327 billion in revenue. · In fiscal year 2025, the federal government has spent $584 billion. · The ...
Theme 1: Your Role as a Taxpayer - Lesson 1: Why Pay Taxes? - IRS
The more services the government provides, the more taxpayers have to pay for them. Whenever new public goods and services are proposed that require new taxes, ...
Where does your tax money go? What you're really paying for.
An overwhelming majority of your tax dollars are being used to finance benefits programs on the brink of insolvency or paying interest on our national debt.
Federal Spending: Where Does the Money Go
The total federal budget of the United States has recently run about $4 trillion or more each year. In 2020, the total federal budget ran much higher, ...
Understanding the Budget: Revenues - Peter G. Peterson Foundation
In 2023, federal receipts totaled about $4.4 trillion, or 16.5 percent of gross domestic product (GDP). The largest sources of revenues are individual income ...
Video: How Your Tax Dollars Are Spent - TurboTax - Intuit
The federal government also provides the states with money—allowing them to use the funds for state sponsored programs, such as public school ...
State and local taxes and spending - Economic Policy Institute
On top of that, they get another $583 billion in grants from the federal government. These federal funds go toward health care, housing assistance, ...
How much revenue does the federal government collect? - USAFacts
Other federal government revenue sources include corporate income taxes (9.4% of 2023 revenue), customs and duties (1.8%), sales and excise ...
What are the sources of revenue for the federal government?
Over half of federal revenue comes from individual income taxes, 9 percent from corporate income taxes, and another 30 percent from payroll taxes that fund ...
Federal Revenue: Where Does the Money Come From
Personal income taxes and corporate income taxes become federal funds, which cover almost all federal spending programs. Payroll taxes become trust funds. A ...
Where Did Your Tax Dollars Go? A Federal Budget Breakdown
Where Did Your Tax Dollars Go? A Federal Budget Breakdown · Major entitlements—Medicare, Medicaid, other health care, and Social Security— ...
State and Local Expenditures | Urban Institute
What do state and local governments spend money on? ... State and local governments spend most of their resources on education and health care programs. In 2021, ...
How Are Federal Taxes Spent? - Ramsey Solutions
How Does the Government Spend My Taxes? · Health Programs · Military · Social Security · Interest on the National Debt · Veteran Benefits · Food and ...
Tax expenditures are provisions of the tax code that can reduce how much a taxpayer owes—and therefore federal revenue ...