Paul L. Caron
Dean



Saturday, April 22, 2006

Where Do Your Tax Dollars Go?

Tax_formJoe Milner, a computer progammer in Utah, has a cool web site, Where Are My Taxes.  You type in your 2005 federal tax liability, and the site calculates where, to the penny, your tax dollars go among dozens of agencies, departments, and programs.  For example, $4,000 of a $25,000 federal tax liability goes for the Treasury Department, broken down as follows: 

 

Alcohol & Tobacco Tax Bureau $4.55
Bureau of the Public Debt $2.73
Financial Crimes Enforcement Network: $0.91
Financial Management Service: $98.34
Interest on Treasury securities: $2,259.98
Interest paid to trust fund accounts: $1,642.63
Interest paid to expenditure accounts: $55.54
Interest paid to Federal fund accounts: $50.99
Tax law enforcements: $43.71
Tax Information systems: $15.48
Tax Private collection agent program: $0.91
IRS other expenses: $528.12

https://taxprof.typepad.com/taxprof_blog/2006/04/where_do_your_t.html

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