Where your 2011 Federal Income Taxes went

[MisfitToy]

https://www.facebook.com/photo.php?fbid=10150727123394404&set=a.10150134738209404.294525.79304419403&type=1&theater

This graph is done by the National Priorities Project. My first thought is if my income tax pays for medicare and Social security, then what does my medicare and SS tax pay for?

I call foul on this organization. Anyone else have any thoughts to prove me wrong or right?

[LibForestPaul]

Tax law is complicated, as by design.

http://www.irs.gov/businesses/small/article/0,,id=98846,00.html

If you are self-employed, when you file, you must file schedule se...


are subject to any combination of the Social Security part of self-employment tax

Feel free reading and re-reading that link. It is just so much bureaucratic legalese.

[Paul Or Nothing II]

https://www.facebook.com/photo.php?fbid=10150727123394404&set=a.10150134738209404.294525.79304419403&type=1&theater

This graph is done by the National Priorities Project. My first thought is if my income tax pays for medicare and Social security, then what does my medicare and SS tax pay for?

I call foul on this organization. Anyone else have any thoughts to prove me wrong or right?

I'm guessing it's a PROPORTIONAL distribution within all the government expenses so I don't know why it's "foul" or anything

You can do that with medicare or social security or whatever revenue-stream by taking all the US expenses & the % of each one in relation to total expenditure & do a proportional distribution on that

Let's say you & your wife both earn $25000, meaning your total income is $50000, let's say your total expenditure was $40000, out of which, $10000 was on housing $10000 on food, etc so you could say that 20% of your $25000 went to housing, 20% to food, etc; instead of saying 20% of your household-income ($50000) was spent on so & so; it's just a different perspective on things, that's all

[MisfitToy]

I thought the title of the graph is misleading. It specifically says where my Federal Income Taxes went, it does not say it includes my SS and medicare taxes as well.

Also, I'm for anyone's right to marry their sex but I'm not considering a wife myself ;)

[TedTiger]

IRS taxation is a voluntary contract between consenting parties and cannot be compelled. Since we don't know this, they trick us into "consenting."