The White House has posted a nifty tool on their web site that shows where your federal tax dollars are being spent . You enter your specific amount of taxes paid and it then shows a breakdown of federal expenditures. It does provide an estimator if you do not have your tax return. I’ll provide some more information below as to how to quickly estimate your own information.
For Social Security taxes, wage earners pay 6.2% of their gross income into Social Security up to income of $106,800. So, if you make over this amount you will simply have paid …Read More