Atlantic Mag/Center Budget Priorities Budget Graphs

from http://www.theatlantic.com/business/print/2011/04/where-do-your-tax-dollars-go-a-long-story-in-5-quick-graphs/237128/

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The Atlantic Home

Where Do Your Tax Dollars Go? A Long Story in 5 Quick Graphs

By Derek Thompson
Tax Day 2011 is Monday, April 18. But where does all our money go? What are all those IRS checksfor?

Here are five ways to look at our tax receipt and the way our tax dollars are used to define our national values. In the gallery below, I’ve also included a handful of images that dive deeply into the question, How Much Money Do We Fork Over? and How Is the Money Spent?

WHAT THE TOP 20% EARNS … AND PAYS

What the Top 20% Earns ... and Pays

taxpolicycenter

FULL SCREEN

  • What the Top 20% Earns ... and Pays
  • Average Tax Rates by Income
  • Taxes Falling for the Richest
  • The Evolution of the U.S. Government
  • The Evolution of U.S. Taxes
  • The Death of the 70 Percent Income Tax Rate
  • Taxes as a Share of GDP Through History

The top 20 percent of the country took in about 53 percent of all income in 2009. They paid 67 percent of total federal taxes. This is consistent with the features of a progressive tax system, in which the richest pay a larger portion of their income in taxes.

1. The Tax Receipt

The receipt speaks for itself. Social Security, Medicare, Medicaid, interest and Middle East wars accounts for the vast majority of our budget. The upshot: Cutting foreign aid and making senators take a pay cut snips insignifi

About Bruce

Work for sustainable development of small islands; ex-Peace Corps (Volunteer and staff) in LA & Caribbean; cruised Caribbean on S/Y Meander for three years; like small tropical islands, French canals, Umbria, Tasmania, and NZ. Married 50 years. Former President (1995 to 2016) of Island Resources Foundation.
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