Where does your tax money go?

OnyxCougar · 01-28-2005, 05:59 AM

Did my taxes online last night and found this litte gem:

Where Does Your Tax Money Go
Ever wonder where your tax dollars are spent each year? The table below provides a summary of government tax spending percentages applied to the tax you paid in.

Your Money Is Spent On -----Your Share ---- %
National Defense -------------$821.00------ 17%
Medicaid ---------------------$338.00 -------7%
Medicare --------------------$579.00 ------12%
Unemployment, Disability and Other Income $676.00 14%
Social Security --------------$1,110.00 ------23%
Interest Payments ------------$531.00 -------11%
Other Expenses ---------------$772.84 -------16%
Total Paid------------------- $4,827.84 -------100%

I contributed $821 to an illegal war this year and $1110 to something I'll never see. Go ME!

Hey, does anyone know if its possible to go about NOT contributing to Social Security? I've heard it can be done, but I don't know how. I'd much rather put that money in my Roth IRA account....

Griff · 01-28-2005, 06:07 AM

Quote:

Originally Posted by OnyxCougar

I contributed $821 to an illegal war this year and $1110 to something I'll never see. Go ME!

404Error · 01-28-2005, 07:37 AM

Quote:

Originally Posted by OnyxCougar

...Hey, does anyone know if its possible to go about NOT contributing to Social Security? I've heard it can be done, but I don't know how.

I think they allow you to stop contributing after your freshness date has expired.

"Nothing in life is certain except death and taxes." ~ Ben Franklin

melidasaur · 01-28-2005, 08:55 AM

If you don't want to contribute to social security, go to graduate school and get funding through a particular kind of grant... maybe it's an NIH grant, not sure. But you don't have to pay social security. My husband hasn't paid social security for ages because his salary comes out of one of these grants.

I know that scenario isn't feesible for everyone, but if you don't want to pay it.... there's one way!

xoxoxoBruce · 01-28-2005, 09:03 PM

Become a teacher, railroad employee, government drone, Amish, unemployed, etc.

Schrodinger's Cat · 01-29-2005, 12:24 AM

Many times state employees can pay into a retirement fund of their own and avoid social security taxes. What annoys me is that money earmarked "social security" actually goes for all sorts of other government spending. It's like the government wants us to believe all that money is going to the old folks, but actually it's just going to some Senator's favorate slush fund or the war in Iraq. Damned hypocrits!

Bitman · 01-29-2005, 02:25 AM

$917 for medicare+medicaid, which is way more than I paid for insurance! Makes me wonder how much my employer is subsidizing...

xoxoxoBruce · 01-29-2005, 08:30 AM

Quote:

Originally Posted by Schrodinger's Cat

What annoys me is that money earmarked "social security" actually goes for all sorts of other government spending. It's like the government wants us to believe all that money is going to the old folks, but actually it's just going to some Senator's favorate slush fund or the war in Iraq. Damned hypocrits!

Think Anal-Ease lubricant.

footfootfoot · 01-29-2005, 11:30 PM

Quote:

Originally Posted by xoxoxoBruce

Think Anal-Ease lubricant.

Anal-ease? Isn't that talking out your ass?

xoxoxoBruce · 01-30-2005, 09:52 AM

Not out...in.

elSicomoro · 01-30-2005, 10:08 AM

Quote:

Originally Posted by OnyxCougar

Hey, does anyone know if its possible to go about NOT contributing to Social Security? I've heard it can be done, but I don't know how.

You have British citizenship right? Just move back over there, and voila! No more SS!

OnyxCougar · 01-30-2005, 12:44 PM

LOL That presents a whole new can o problems. VAT is a bitch!

Torrere · 01-30-2005, 09:24 PM

Heh. The space program isn't even a large enough chunk of the budget to be listed here.

OnyxCougar · 01-31-2005, 09:39 AM

I'm sure it's one of those "other expenses".

01-28-2005, 05:59 AM	#1
OnyxCougar Junior Master Dwellar Join Date: Mar 2003 Location: Kingdom of Atlantia Posts: 2,979	Where does your tax money go? Did my taxes online last night and found this litte gem: Where Does Your Tax Money Go Ever wonder where your tax dollars are spent each year? The table below provides a summary of government tax spending percentages applied to the tax you paid in. Your Money Is Spent On -----Your Share ---- % National Defense -------------$821.00------ 17% Medicaid ---------------------$338.00 -------7% Medicare --------------------$579.00 ------12% Unemployment, Disability and Other Income $676.00 14% Social Security --------------$1,110.00 ------23% Interest Payments ------------$531.00 -------11% Other Expenses ---------------$772.84 -------16% Total Paid------------------- $4,827.84 -------100% I contributed $821 to an illegal war this year and $1110 to something I'll never see. Go ME! Hey, does anyone know if its possible to go about NOT contributing to Social Security? I've heard it can be done, but I don't know how. I'd much rather put that money in my Roth IRA account.... __________________ Impotentes defendere libertatem non possunt. "Repetition does not transform a lie into a truth." ~Franklin D. Roosevelt

01-28-2005, 08:55 AM	#4
melidasaur Traded your soul for pogs. Join Date: May 2004 Location: Champaign, IL Posts: 646	If you don't want to contribute to social security, go to graduate school and get funding through a particular kind of grant... maybe it's an NIH grant, not sure. But you don't have to pay social security. My husband hasn't paid social security for ages because his salary comes out of one of these grants. I know that scenario isn't feesible for everyone, but if you don't want to pay it.... there's one way! __________________ I love England, what can I say?

01-28-2005, 09:03 PM	#5
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Become a teacher, railroad employee, government drone, Amish, unemployed, etc. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

01-29-2005, 12:24 AM	#6
Schrodinger's Cat Macavity Join Date: Jan 2005 Location: A Black Box Posts: 157	Many times state employees can pay into a retirement fund of their own and avoid social security taxes. What annoys me is that money earmarked "social security" actually goes for all sorts of other government spending. It's like the government wants us to believe all that money is going to the old folks, but actually it's just going to some Senator's favorate slush fund or the war in Iraq. Damned hypocrits! __________________ Macavity, Macavity, there's no on like Macavity, He's broken every human law, he breaks the law of gravity. - T.S. Eliot, Old Possum's Book of Practical Cats

01-30-2005, 09:52 AM	#10
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Not out...in. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

01-29-2005, 02:25 AM	#7
Bitman cellar smellar Join Date: Oct 2001 Location: californy, baby! Posts: 403	$917 for medicare+medicaid, which is way more than I paid for insurance! Makes me wonder how much my employer is subsidizing...

01-30-2005, 12:44 PM	#12
OnyxCougar Junior Master Dwellar Join Date: Mar 2003 Location: Kingdom of Atlantia Posts: 2,979	LOL That presents a whole new can o problems. VAT is a bitch! __________________ Impotentes defendere libertatem non possunt. "Repetition does not transform a lie into a truth." ~Franklin D. Roosevelt

01-30-2005, 09:24 PM	#13
Torrere a real smartass Join Date: Dec 2001 Location: Kirkland, WA Posts: 1,121	Heh. The space program isn't even a large enough chunk of the budget to be listed here.

01-31-2005, 09:39 AM	#14
OnyxCougar Junior Master Dwellar Join Date: Mar 2003 Location: Kingdom of Atlantia Posts: 2,979	I'm sure it's one of those "other expenses". __________________ Impotentes defendere libertatem non possunt. "Repetition does not transform a lie into a truth." ~Franklin D. Roosevelt

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