Happy tax day, suckers -- Did you take advantage of the three-day tax extension so that you could party Friday and hate yourself on Monday, per usual? Well, dummy, get thee to a post office. And if you need something to read while you wait in line, corpulent-government enthusiast Ezra Klein has an item that will keep your ticker tocking: "Though [today] gets billed as tax day, it’s actually 'purchase the federal government for a year' day. We’re not just spending money. We’re buying something," writes Klein. To that end, we should all receive receipts. In the meantime, Klein has a breakdown of where your money goes: In 2010, the head of a family of four making $80,000 paid roughly $10,000 in taxes. "About $5,000 went to Social Security. Then came Medicare, at $1,160, and defense, at $1,015. Assorted other health-care programs ate up another $938, while job and income security programs grabbed about $850." Then "there’s a big drop-off into the miscellany," says Klein: "Education only cost you $185...Environmental and energy policy was $81. International spending...was about $65. Agricultural programs were $30. Interest on the debt was almost $300." We like how Klein just dropped that whopper of a debt payment right there at the end! At least he's honest enough to admit that "some of the costs for what we’re purchasing now are being left till later." Happy tax day!Of course, if you're part of the 45% that don't pay any income taxes, you can just ignore all of this.
Monday, April 18, 2011
What Are You Getting For Your Tax Dollars?
Here's an idea (from Daily Caller):
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