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>I just don't understand where the tax money is going in the USA at both federal and state levels. You can find it online with a simple Google search. Pension
by anonuser123456 8y ago
>I just don't understand where the tax money is going in the USA at both federal and state levels.
You can find it online with a simple Google search. Pensions, medicare and social security are the bulk of the spending.
- pjc50 8y agoTwo out of the three of those are deferred compensation and linked to earlier wage deductions.
- castlecrasher2 8y agoUnless I'm mistaken and the national debt is actually the national assets, the money is obtained through taxes now rather than taxes before.
- dragonwriter 8y ago> Unless I'm mistaken and the national debt is actually the national assets, the money is obtained through taxes now rather than taxes before. Well, the part of the national debt at issue (at least as regards Social Security and Medicare) is also part of the national assets; since “intragovernmental debt” sits on both sides of the balance sheet.
- dragonwriter 8y agoAll three are linked to earlier wage deductions, though one of them is in an extremely course grained way.
- dragonwriter 8y ago> Pensions, medicare and social security are the bulk of the spending. In aggregate, less than half, even if you add Medicaid and other public health spending on top of Medicare, so not the bulk.