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.

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question

  • Ouch!

    As much as we know the percentages, it is hard indeed to see it in graphical / visual.

    Our taxes at work!

  • Rod Burkert

    To me, a sad statistic is the interest we pay on our debt. The $187B net interest is 4.5x greater than we spend on education and, in fact, the interest is greater than we spend at all but a handful of other agencies and programs. And 41% of the budget going to Social Security, Medicare, and Medicaid is not sustainable … and neither is the amount we spend on defense.

    Thanks for the chart!

  • George H

    This chart does not have interest payment to Federal debt, which is about some 413B dollars.  Where is the interest payment?

  • The $187B net interest is 4.5x greater than we spend on education and,
    in fact, the interest is greater than we spend at all but a handful of
    other agencies and programs. And 41% of the budget going to Social
    Security, Medicare, and Medicaid is not sustainable … and neither is
    the amount we spend on defense.