Where do your tax dollars go? - Los Angeles News | FOX 11 LA KTTV

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>>

  • Good Day Atlanta

    Teaching your kids the value of money

    Teaching your kids the value of money

    Monday, September 15 2014 11:22 AM EDT2014-09-15 15:22:34 GMT
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
  • GA Lottery targets shadow winners

    GA Lottery targets shadow winners

    Sunday, September 14 2014 5:30 PM EDT2014-09-14 21:30:57 GMT
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
  • Graphic video of Forsyth Co. Courthouse shootout

    Graphic video of Forsyth Co. Courthouse shootout

    Thursday, September 11 2014 4:43 PM EDT2014-09-11 20:43:06 GMT
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse.
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse in June.
  • 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

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

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