Where Do Your Tax Dollars Go

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tax allocationThe closer we inch toward April, the more you hear about taxes. Preparing your taxes is not exactly an exciting endeavor — it is a tedious task all Americans must share. Taxation without representation was one of the central causes for the Revolutionary War, a series of battles waged to gain independence from Great Britain. From that rebellion centuries ago came the foundation of our government today, and with it, the ever-evolving structure of our tax system.

To get you in a positive mood before you file, let’s talk about all the good things your taxes contribute to. They’re why libraries are possible and potholes are filled. They’re how our schools run and our senior citizens have support. Want to really break down where your taxes go? Find out more in our infographic.

tax infographic

 

References

1Kline, D. B. (April 6, 2017). Where do your tax dollars actually go? Retrieved February 9, 2018, from https://www.fool.com/taxes/2017/04/06/where-do-your-tax-dollars-actually-go.aspx

2IRS. (October 17, 2017). Returns filed, taxes collected & refunds issued. Retrieved February 09, 2018, from https://www.irs.gov/statistics/returns-filed-taxes-collected-and-refunds-issued

3Williams, S. (December 11, 2016). 12 crazy income tax statistics. Retrieved February 09, 2018, from https://www.fool.com/retirement/2016/12/11/12-crazy-income-tax-statistics.aspx

Barbara Davidson

About 

Babs is a Senior Content Writer and financial guru. She loves exploring fresh ways to save more and enjoy life on a budget! When she’s not writing, you’ll find her binge-watching musicals, reading in the (sporadic) Chicago sunshine and discovering great new places to eat. Accio, tacos! 

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