A Receipt for Taxpayers

[...] This post was mentioned on Twitter by Chael Montgomery, Barbie and Jon Geeting, WashIndependent. WashIndependent said: A Receipt for Taxpayers http://bit.ly/b72Mfa [...]

[...] you ever wondered where your tax dollars [...]

How can we spend 44.4% of our GDP (Here) on military yet the biggest expenditure is Social Security? Something is wrong here…

It should be separated out into two sections – the payroll tax and what it funds and the income/other taxes and what they fund.

You know what? I don't care about the “entitlements.” What I would care about, were I this taxpayer, is that $229.17 going to Iraq and Afghanistan.

And, frankly, I don't believe these numbers anyway. Where's the CIA and the dozens of other super secret spy agencies we've been hearing about lately? Where's the pentagon? Surely you don;t expect us to believe that “military personnel” and military benefits and retirement cover the entire 800 billion a year in pentagon funding? Where's the budget for the state department and all the other bureaucracies?

Yeah, on even a casual perusal, these numbers seem as phony as a three dollar bill.

So where's the rest of it? This only adds up to about $3250.

This is a dumb post. I don't know if the blogger is ignorant or is being deliberately obtuse. You can't cut the budget by cutting entitlements. Why? Because Social Security and Medicare contribute an excess of funds to the government. If you cut Social Security and Medicare taxes to reflect the cuts in benefits, the government won't have that excess money to use elsewhere.

Why on Earth would you want to cut the only two government programs (Social Security and Medicare) that collect more in taxes than they spend? If you want to cut Medicaid, fine, it's not collected as part of FICA taxes. If you think too many people are on SSDI (over 9 million added in the past 8 years), fine, cut the rolls. But cutting the benefit of people who have paid into the system for 50 or 60 years is just plain dumb.

The best thing to do is separate SS and Medicare from the general budget and adjust the FICA rate and/or income limit to maintain solvency. Then, and only then, can you talk about balancing the budget, because it is spending OTHER than SS/Medicare that does not collect enough in income taxes to pay for itself.

We can balance the non-SS/Medicare budget (i.e., the $1.3 trillion deficit) by getting out of Afghanistan and Iraq, ending the so-called War on Terror, letting the Bush income tax cuts expire, and fine-tuning some of the income tax rates as well as collecting the $300 billion annually that tax cheats and corporate tax avoiders fail to pay.

We'll have the budget balanced lickety-split, and this blogger can go on to write factually incorrect posts about other things she knows little or nothing about.

i dont think that is 44% of GDP.I understood the pie chart to mean 44% of the world totaly.

Where is the author of this post? Why can't they answer how messed up and misleading this 'receipt' is?

It's like going to the grocery store and not having items that begin with every other letter. You can't make good decisions with partial information.

CIA is so secret, they'd have to kill you if they told you their budget or your contribution to it.

You need to completely separate income tax (and the federal budget) from FICA tax (and Social Security), or else you're just making people stupid on purpose by confusing them for no reason. And only the subsidized portion of Medicare (it is insurance the subscribers pay for) should be considered, putting it further down the list….

[...] A Receipt for Taxpayers « The Washington Independent [...]

Nice post.Thank you for taking the time to publish this information very useful!
Christian Louboutin Heels |
Louboutin Sale |
Christian Louboutin Sale |
Louboutin Flats |
Louboutin Pumps |
Louboutin Sandals |
Louboutin Slingbacks |
Jimmy Choo |
Yves Saint Laurent |
Manolo Blahnik |
Tory Burch

 I like it very much, thank you
???
???
???
???
???
???
???
???

I like it very much, thank you 
cheap custom jerseys
custom jerseys
customized jerseys
cheap customized jerseys 

 cheap custom jerseys
custom hockey jerseys
custom baseball jerseys
custom basketball jerseys
custom nfl jerseys
custom football jerseys
custom jerseys
cheap custom jerseys
customized jerseys cheap
customized jerseys
cheap customized nfl jerseys
cheap customized sports jerseys
cheap customized jerseys
nfl custom jerseys
cheap jerseys

I like it very much, thank you
运动鞋
篮球鞋
运动服

三體牛鞭
レビトラ
五便宝
三便宝
D10
巨根
ペニス増大
精力剤
媚薬
ED治療薬
女性用媚薬
中絶薬
避妊薬

Very inspiring, nice to know others are also interested in these things!

This was interesting and helpful, thanks for sharing.

Very inspiring, nice to know others are also interested in these things!

Exactly what I was looking for, thanks for sharing.

Exactly what I was looking for, thanks for sharing.

Exactly what I was looking for, thanks for sharing.

This was interesting and helpful, thanks for sharing.

Exactly what I was looking for, thanks for sharing.

Interesting stuff, I’ve bookmarked your site and hope to come back.

This was very interesting and helpful, I have bookmarked and hope to check back to your site again.

This was very interesting and helpful, I have bookmarked and hope to check back to your site again.

Just leaving a quick comment to say I’m enjoying your blog…

3660456 beers on the wall. sck was here

Exactly what I was looking for, thanks for sharing.