Where US Taxes Go

Governments operate because of taxes (and going into debt). Where that money goes isn’t as obvious. According to Yes! Magazine;

“Health care is the biggest item on your tax receipt.
Out of every tax dollar you (and your neighbors) pay, 29 cents goes to health care, and 23 cents goes to the military.” – Yes! Magazine

Close behind it is the military with the largest portion going to the contractors (11 cents), not the troops. Military contractors and health care corporations benefit greatly. Ironically, in general, many profitable corporations manage to not pay taxes.

“From 2008 to 2015, 100 Fortune 500 companies managed to pay nothing in federal taxes for at least one year” – Yes! Magazine

These are shifts that reflect the worrisome rise in health care costs over the recent decades, and the growth of the military-industrial complex that Eisenhower warned about sixty years ago. As they grow, other sectors and segments shrink – especially if taxes are cut. Without reform, the trends aren’t sustainable.

“7 Surprising Tax Facts You Should Know” – Yes! Magazine