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Friday, April 15, 2005

How Tax Dollars Are Spent

On this tax day, Brian Riedl has a great post at the National Review that describes how our tax dollars are spent. Of the $22,039 per household that Washington will spend in 2005 ($18, 248 in collected revenue and $3,791 in deficit spending), this is how it breaks down:

Social Security/Medicare: $7,245
Defense: $4,451
Low-income programs: $3,559
Interest on the federal debt: $1,582
Federal employee retirement benefits: $838
Education: $627
Health research/regulation: $614
Veterans’ benefits: $606
Highways/mass transit: $388
Justice administration: $361
Unemployment benefits: $338
International affairs: $284
Natural resources/environment: $275
Agriculture: $271
Other: $598

How many of these programs do you get to participate in? Thanks for your money folks!