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Pages: another tax post 2 honor this special day [1]
Author Topic: Another tax post 2 honor this special day
Jose

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2011-01-30 10-58-27

another tax post 2 honor this special day from taxact.com Ever wonder where your tax dollars are spent each year? Your Money Is Spent On Your Share National Defense 20% Veterans and Foreign Affairs 4% Medicaid, Food Stamps, and Related Programs 14% Unemployment and Social Services 6% Social Security, Medicare, and Other Retirement 37% Net Interest on the Debt 8% Law Enforcement and General Government 2% Physical, Human, and Community Development 9% Total Paid 100%
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faeth

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2011-02-01 3-57-40-

im so glad i don't pay SS or medicare taxes tho they get me on the back end
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  • eichmann

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    Posts: 8

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    2011-02-01 4-12-34-

    That sounds about right . . . All of your ancestors who lived the good life are now continuing to live the good life--at your expense.
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  • parras

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    Posts: 20

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    2011-02-02 12-20-51

    It's not the checks--it's the free health care.
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  • richburg

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    2011-02-02 12-56-48

    Yeah, and unless you're old, you'll never see a dime of it. The money will be long gone by the time you reach that age. Only way they could keep it going is through massive debt accrual.
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    adila

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    Posts: 38

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    2011-02-02 18-46-08

    you're missing a fact here SS funding is completely solvent. in fact, the SS fund is the third largest creditor to the US' deficit behind China and Japan.
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    mccray

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    Posts: 17

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    2011-02-02 20-30-00

    Have you got facts & figures for that?
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    mungia

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    2011-02-02 21-03-03

    here's a good overview
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    kamman

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    Posts: 8

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    2011-02-03 9-58-53-

    I'm no financial expert, but from . . . what I've studied, it's only solvent NOW. It cannot, based upon all currently available information, continue to remain solvent, without drastic changes to the benefits provided.
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    harling

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    2011-02-04 10-15-53

    I won't dispute that each generation is living longer...it needs changes, no doubt.
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  • malis

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    Posts: 17

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    2011-02-27 3-52-20-

    Previously, each successive generation was more numerous and made more money, too. That's not the case anymore.
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    Agathe

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    2011-06-22 14-29-45

    our GDP has increase proportionally however the distribution of that increase in wealth has concentrated it into the hands of a few. we (as a country) will never recover without a strongly progressive tax system.
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    ranes

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    2011-09-02 11-07-28

    no, it's not solvent now, they only have IOUs this was big news about a week ago here in the States
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    lockerby

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    2011-09-28 17-04-23

    vets should get more :(
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