Where Do My Taxes Go?

June 08, 2017 : Allie Freeland

Tax Day has come and gone this year. Just because it’s gone, doesn’t mean taxes are still not on people’s minds, especially when taxpayers have to pay into the IRS and don’t receive a refund. Whether you are a disgruntled or curious taxpayer, we’re here to answer: “Where are my tax dollars going?”

Long story short,  It was prepared by the Committee for a Responsible Federal Budget (CRFB), a nonpartisan nonprofit group in Washington that monitors federal spending. 

Looking at the graphic, you can see half of all spending goes for Social Security benefits and Medicare, while another 20% is for defense and military benefits. Fringe expenses include education, food stamps, refundable credits, transportation, and SSI. 

Check out the breakdown here:

where do my tax dollars go

Source: Wall Street Journal

Related Topics

Allie Freeland

Allie Freeland

Contributing Editor, H&R Block

Allie is the Contributing Editor of the H&R Block blog, Block Talk. She has been a practicing grammar geek since 2007.

Related Resources

Tax Reform Impact [INFOGRAPHIC]

Learn how tax reform will affect you and your family. Our tax reform infographic will help you understand the new tax law’s impact.

Employment Tax Returns

Do you have unfiled Form 941's, 940's, or 944's? Read the IRS definition of employment tax returns and get more insight from the experts at H&R Block.

IRS Notice CP177 – Intent to Seize Your Assets and Notice of Your Right to a Hearing

Learn more about notice CP177 and how to handle an IRS tax bill for your business with help from the tax experts at H&R Block.

IRS Notice CP128 – The IRS Applied Your Overpayment and You Still Have a Balance Due

Learn more about notice CP128, why you received it, and how to handle an IRS CP128 notice with help from the tax experts at H&R Block.