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The 2014 federal budget shows that the largest parts of the budget were allotted to Social Security and Healthcare Costs with each accounting for 24% of the budget each. There are many different charts and budgets shown on the internet which are false to promote one political view or another one. This is the correct figures.
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∙ 8y ago
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Most of the tax money spent by the national or federal government is spent on?
SCHOOLS
Where does tax money get spent?
On the needs of society.
Does income tax money go to the federal reserve?
Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.
What federal tax raises the most amount of money each year?
The federal tax that brings in the most money every year is the federal income tax. This tax is withheld from any person who is employed.
How much tax is on 105000?
The tax on 105000 depends on what tax category that amount of money is spent on. If the money is for wages earned the rate would be different than if it was the amount of money spent on a house. There would also be a different tax rate if this was a tax on a vehicle purchased.
Where does the majority of tax money come from?
The majority of the tax money comes from income taxes paid by individuals. This makes up 46 percent.
What was the principal reason the Federal government spent so much money during the Bush administration?
The wars in Iraq and Afghanistan; the tax breaks for wealthy Americans.
Which federal tax raises the largest amount of money each year?
Federal Income tax is the largest tax for the government, it raises more money then anything else.
How much tax money is spent on graffiti?
too much
After you complete your tax return you may find you owed money by the federal government this is called your?
If you are owed money by the federal government, the money that the federal government sends you is called a "tax refund" or sometimes just a "refund."
What is income tax spent on?
Federal income taxes fund the federal budget. The federal budget is spent in a variety of ways, from military and defense spending, federal employee salaries, federal buildings, grants to state/local governments for various projects, such as roads and schools, foreign aide as well as everything else the federal government does. Check http://www.gpoaccess.gov/usbudget/ for more info about how/where the federal government spends money.
If you have NO income must you file a federal tax form?
where do I file my federal tax form? I live in Montana and owe no money.
