
Dear LAist,
You seem to know it all. I just got paid today and I looked at my paystub after almost a full year I racked up close to $20,000 in taxes. Where does all that cash go?
- Pissed
Well, Pissed, funny you should ask. Just yesterday a fellow named Michael Rozeff broke it down on the Lew Rockwell website.
If you pay $20k in taxes you're making a little more than the average American, but according to Rozeff the average US citizen coughs up $17,430 in taxes; after the jump you can see where it goes.
All we've gotta say is, it's not cheap being the World's Police...
$3,690 goes to people on Social Security and Disability.
$3,492 goes to people in war industries.
$2,166 goes to people on Medicare.
$1,767 goes to people on Medicaid.
$1,505 goes to people on food stamps, welfare (assistance), housing, and income payments.
$1,297 goes to lenders for interest.
$1,028 goes to people in transportation, environmental, space, science, and regional building industries.
$ 708 goes to Federal employees for their retirement.
$ 688 goes to people in educational industries.
$ 495 goes to veterans.
$ 402 goes to people in the Federal government for their services.
$ 244 goes to people overseas.
$ 187 goes to people in agricultural industries.
Read the whole column here
photo by talia64




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