Where do your tax dollars go? - FOX 10 News | fox10phoenix.com

Where do your tax dollars go?

Posted: Updated:
ATLANTA -

The amount of money many of us pay in taxes in a given year is often times larger than any purchase we'd make.  Where does that really money go?  Well, there is a way to find out.

You can find out by going to Your Federal Taxpayer Receipt on the White House's web site.

According to two republican pollsters, most Americans think the government spends more on defense and foreign aid than Medicare or social security. But they are wrong.

As an example, here's where the money goes for a family of four making $80,000 a year:.

  • Social Security tax - $3,360.00
  • Medicare taxes - $1,160.00
  • National defense - $1,101.16
  • International affairs - $76.87

What surprises most people is that only $77 goes to international affairs, with only about half of that for traditional foreign aid.  
 
If you scroll through you can find out how many of your dollars go to science, agriculture, education and many more categories. If you want to see just where your tax dollars are going  click here!

  • I-Team Story ArchiveMore>>

  • Patient: Hospice company failed me too

    Patient: Hospice company failed me too

    Wednesday, August 27 2014 10:37 PM EDT2014-08-28 02:37:56 GMT
    The state is now looking into a defunct hospice provider originally investigated by the Fox 5 I-Team.
    The state is now looking into a defunct hospice provider originally investigated by the Fox 5 I-Team.
  • Hidden fees in checking accounts: Who's transparent, who's not

    Hidden fees in checking accounts: Who's transparent, who's not

    Wednesday, August 27 2014 8:10 AM EDT2014-08-27 12:10:06 GMT
    We already know about some of the fees our banks charge -- the monthly fee, the overdraft charge, out-of-network and minimum balance fees. That's standard stuff. But did you know that the average checking account has 30 fees attached?
    We already know about some of the fees our banks charge -- the monthly fee, the overdraft charge, out-of-network and minimum balance fees. That's standard stuff. But did you know that the average checking account has 30 fees attached?
  • Judge mulling sanctions related to ethics trial

    Judge mulling sanctions related to ethics trial

    Monday, August 25 2014 6:29 PM EDT2014-08-25 22:29:27 GMT
    A judge is deciding whether to sanction the Georgia attorney general's office, the state ethics commission and the commission's director for not releasing certain documents in a whistleblower trial.
    A judge is deciding whether to sanction the Georgia attorney general's office, the state ethics commission and the commission's director for not releasing certain documents in a whistleblower trial.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • More Money NewsMore>>

  • Tech Check: Cyber Monday

    Tech Check: Cyber Monday

    Sunday, August 17 2014 10:07 PM EDT2014-08-18 02:07:29 GMT
    The Monday after Black Friday is traditionally called Cyber Monday in the retail world. That is the busiest online shopping day of the year.
    The Monday after Black Friday is traditionally called Cyber Monday in the retail world. That is the busiest online shopping day of the year.
  • Tech Check: Back-to-school apps

    Tech Check: Back-to-school apps

    Sunday, August 17 2014 10:05 PM EDT2014-08-18 02:05:35 GMT
    A smartphone won't do your student's homework for them, but it might help.  In fact, there are a few apps that both students and parents might want to consider this school year.
    A smartphone won't do your student's homework for them, but it might help.  In fact, there are a few apps that both students and parents might want to consider this school year.
  • Tech Check: Tablet vs. Laptop for back-to-school

    Tech Check: Tablet vs. Laptop for back-to-school

    Sunday, August 17 2014 10:05 PM EDT2014-08-18 02:05:34 GMT
    It is a debate between what type of technology you need to get for your student. The question now, should you get a laptop or a tablet?
    It is a debate between what type of technology you need to get for your student. The question now, should you get a laptop or a tablet?
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices