Advertiser and Editorial Disclosures

Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield).
Rates / Annual Percentage Yield terms are current as of the date indicated. Rates are subject to change without notice and may not be the same at all branches. These quotes are from banks, credit unions, and thrifts, some of which have paid for a link to their website. Bank, thrift, and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you.

Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser, and have not been reviewed, approved, or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

Updated: Apr 13, 2023

How the Federal Government Spends Your Tax Dollars: Infograph

You've read about them, complained about them and paid them. Taxes annoy every American over the age of 14 and continue to be a hot-button issue, but do you know how your tax dollars are being spent?
Contents
Get Rates Near You!
Please enter valid 5-digit zip code

You've read about them, complained about them and paid them. Taxes annoy every American over the age of 14 and continue to be a hot-button issue, but do you know how your tax dollars are being spent?

With the recent recession and ever-growing national debt, taxes have been in the spotlight more than ever. According to the Tax Policy Center, "Individual income taxes and payroll taxes now account for four out of five federal revenue dollars." Given that fact, it is important to know where your money is going.

Federal tax Spending 2009

Government spending can be broken down into three categories: Mandatory spending, Discretionary spending and Interest. Each category is equally important, but our Government has the most flexibility with Discretionary spending where they can decide the budget needed for different programs under security agency spending and non-security agency spending. This is often the topic of debate for politicians and policy makers alike.

Sources: In order to compile this infograph MyBankTracker used the 2009 Budget from the White House website. For the specific subhead numbers MyBankTracker used estimated projections based off of The Spending Outlook found on the Congressional Budget Office website.

Give me feedback - did you enjoy this article?
Oops! What was wrong? Please let us know.