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Apr152014

Heritage - Where Did Your Tax Money Go? 

April 15, 2014

 

Where Did Your Tax Money Go?

It’s pretty unreal when you see it.

Your 2013 tax dollars—which are due today—went primarily to pay for government benefits.

Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, unemployment benefits, and welfare programs such as food and housing assistance. Obamacare spending didn’t really kick in until 2014, so that will show up in next year’s breakdown.

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