Where Did Your Tax Dollar Go?
This was a record year in tax collections. So those that say we need more taxes are really just after more power. Basically we need to cut spending by 32% You can see where taxes go with this nice chart.
Check it out:
Americans are waking up today to the worst “case of the Mondays” they’ll have all year: It’s Tax Day.
Most Americans dread Tax Day, and for good reasons. Beyond the huge tab Americans pay to the government, the tax code is so complex that it’s difficult to figure out what we owe to the IRS. This is a pain for taxpayers and a huge drain on the economy.
According to the federal Taxpayer Advocate in its 2012 report, Americans’ cost of complying with today’s complex tax code totaled $168 billion in 2010. That’s almost as large as the impact of the Obama tax hikes in fiscal year 2013, and twice the size of sequestration this year [see chart].