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Pages:
1 page/≈275 words
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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
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Topic:

Fate of the Federal Tax Dollars

Essay Instructions:

What are your federal payroll tax dollars going toward? More specifically, what is being done with your federal withholding money? I hear a lot, "That's my tax dollars going to good use (sarcastically) or the American taxpayer will bear that burden". What I would like to know is specifically what are your Federal tax dollars funding or not funding. You must cite your source as proof your tax dollars are or are not spent on each of the following.
*Everyone's answer MUST be different to receive credit, so read previous entries before answering this question.
1. List one legitimate, in your opinion, source where your federal tax dollars are being well spent.
2. List one special interest that lobbyists have lobbied for, in your opinion, that is a waste of our tax federal tax dollars. (Pork spending)
3. List one government activity that is Not funded by your Federal tax withholdings (thus what items are paid through state, county, or property taxes)?

Essay Sample Content Preview:

Federal Tax Dollars
Student’s Name
Institution
Course Number and Name
Instructor’s Name
Date
Federal Tax Dollars
1. List one legitimate, in your opinion, source where your federal tax dollars are being well spent.
One of the areas where federal tax dollars are being well spent is in the safety net programs, which form about 9% of the total federal budget. These programs comprise all low and middle-income family assistance programs not included in Social Security or major health programs like Medicare and Medicaid. Examples of these safety net programs funded by federal tax dollars include unemployment insurance, abused and neglected children programs, low-income housing assistance, and food stamps (Schmidt et al., 2021). I believe this is good spending because it focuses on the government taking care of its vulnerable population.2. List one special interest that lobbyists have lobbied for, in your opinion, that is a waste of our tax federal tax dollars. (Pork spending)In the 1.5 trillion dollar government spending bill passed by Congress on March 9, 2022, pork spending returned to Congress. Texas is slated to get over 280 million dollars in federal funds for schools, road construction and maintenance, police, and many other local needs as part of this government spending package, which contains billions in congressional earmarks. More than 140 projects around the state will benefit from this bill, including acquiring San Antonio community colleges lab equipment, constructing LGBTQ+-friendly economical senior homes in Dallas, and constructing a Mahatma Gandhi museum based in Houston (Wermund, 2022). While these are good ‘community projects’, they are riddled with public mistrust, corruptio...
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