Where
Does Your Income Tax Money Really Go?!
"...Wars are debt-financed, even though
taxes were raised to help pay for every war American prior to Afghanistan and
Iraq. Add in interest costs attributable to past conflicts, as the pacifist War
Resisters League does, and the fiscal 2013 cost of national security comes to
more than $1.3 trillion -- ”two and a half times the basic Defense
budget." -- David Cay Johntston
(Columbia Journalism Review 1/31/13)
President Obama has delayed the release of
his proposed FY 2014 budget. Therefore Where Your Income Tax Money Really
Goes, our famous 'Pie Chart' flyer, will be late. We're preparing everything
we can now, and once the government releases their numbers, we'll quickly
analyze them and plug in the more honest numbers.
But you can pre-order copies of this
important resource and we'll do our best to get them to you in time for Tax
Day.
We also still have plenty of FY13 "Pie
Charts" if you want to order those.
Order online: warresisters.org Or by phone: (212)
228-0450
Discretionary spending:
Discretionary spending, which accounts for
31 percent and $1.15 trillion of the proposed 2013 budget, does not include
earned-benefit programs like Social Security and Medicare. Rather, it includes
programs whose funding levels are set each year by lawmakers during the
appropriations process. Such programs include the military, education, job
training, and environmental protection.
Mandatory
spending:
Mandatory spending, which accounts for 62
percent and $2.27 trillion of the proposed 2013 budget, includes programs like
Social Security and Medicare, which are often called earned benefit or
entitlement programs. Lawmakers do not choose the exact amount of money spent on
these programs, because it depends on how many people qualify for benefits.
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