How Do Your Tax Dollars Get Spent?

World News

How Do Your Tax Dollars Get Spent?

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Remember when you received your first paycheck at your first job and the amount was a little lower than expected? Surprise! Some of that money was already spent for you. Have you ever stopped to figure out exactly WHAT is being bought with all that money you send to Washington each year?

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP®
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Andrew Matthews
Images by: Shutterstock
Music by: APM

SOURCES:

http://www.politifact.com/…/pie-chart-federal-spending…/
https://www.cbo.gov/publication/52408
http://money.cnn.com/…/how-are-tax-dollars…/index.html
https://www.fool.com/…/5-shocking-facts-about-federal…
https://www.usatoday.com/…/average-american…/93002252/
https://www.nationalpriorities.org/…/tax-day-2017…/
https://www.nationalpriorities.org/
https://smartasset.com/taxes/income-taxes#3S6AkSdCkM