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Ok, yes, the US spends a lot on the military, but the vast majority of taxes goes towards social programs (specifically SS and healthcare programs) and the curr
by dlp211 5y ago
Ok, yes, the US spends a lot on the military, but the vast majority of taxes goes towards social programs (specifically SS and healthcare programs) and the current administration and majority of Democrats are trying to spend more on common infrastructure and additional social programs with an emphasis on families. It sucks that we have a terrible implementation of government that requires using vastly inefficient loopholes to fund programs, but it is what it is and we should do the best we can with it.
- zz865 5y agoSurely SS and healthcare are largely funded by SS payments. Taxes go toward Medicare but premiums are a big part too. https://www.pgpf.org/budget-basics/medicare https://www.pgpf.org/budget-basics/medicare
- coryrc 5y agoSS "payments" are taxes.
- tylersmith 5y agoThose are payroll taxes, not income or wealth taxes that would be targeting the rich.
- dlp211 5y agoSS payments are now also paid from treasury reserves, so collected general taxes do in fact pay for (part of) SS. Also, there is no reason that the cap on SS tax collection shouldn't be lifted.