Thinking things through
A weekday blog of current articles and books I'm reading
Tuesday, April 17, 2018
Tax dollars
"
The
average American household sends more than $20,000 to Washington in tax
revenue each year, and most see little in return.
"In 2017, the federal government nabbed more than $3.3 trillion in taxes — but that still isn’t enough to satiate Washington’s immense appetite for spending. The 2017 deficit was a whopping $665 billion."
"
Social Security, the single largest federal program, accounts for roughly a quarter of all federal spending. Its trust funds are already paying out more than they take in
."
(cont'd tomorrow)
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