Where Do Our Taxes Go?

Information provided by USA TODAY...

Biggest tax spenders

Total spending by the federal government in 2018 was $4.22 trillion. But some programs actually raised money, such as leases for the Outer Continental Shelf, which lowered the total 2018 outlay to $4.11 trillion.

The majority of tax dollars helps to fund defense, Social Security, Medicare, health programs and social safety net programs such as food stamps and disability payments, along with paying off interest on the national debt.

Here’s how it breaks down.

1. Social Security: $987.8 billion or 23.4% of total federal spending
2. National defense: $631.2 billion or 15% of total spending
3. Medicare: $588.7 billion or 14% of total spending
4. Health: $551.2 billion or 13.1% of total spending
5. Social safety net programs: $495.3 billion or 11.8% of total spending
6. Interest on debt: $325 billion or 7.7% of total spending

* * * * * * * * * * 

What really surprised me was that Social Security represented more of our Federal Budget than what we spend on our NATIONAL DEFENSE...

AND...  if you look closely at all the programs that are actually forms of SOCIALISM, you will easily see that 62% of our tax dollars goes in that direction.  Only 15% is spent on our protection and less than 8% is spend on our NATIONAL DEBT which is increasing because of all the social welfare type programs.

NOW...  when I think about it, I am very pleased that our tax dollars are spent this way because I am living off of Social Security and Medicare pays all my healthcare bills along with my supplement...

I personally spend about $600 each month on medical expenses or about $7,200 each year and because of me having two cancers, my medical bills are approximately $500,000 each year which as you can imagine is a very good deal.

AND...  when Biden and Harris finally take over the reigns of government, I feel confident that my Social Security will increase along with my Medicare Benefits putting me into a much better financial situation.

AND...   as long as we keep what the government pays on our NATIONAL DEBT, it will be FUTURE GENERATIONS that will be responsible for paying it off...  which pleases me and it should please you.