Corporate income taxes are expected to account for less than 11 percent of all federal tax revenue in fiscal 2015. Meanwhile, income taxes paid by regular Americans will account for more than 46 percent of all federal revenue.
Our tax dollars should make life better, not go to waste. But the average taxpayer had to shell out over $1,000 for military contractors alone last year.
How does our government actually spend our tax dollars? Around Tax Day, it’s fair to wonder. Most of us never find out.
But at NPP, we got the receipts.
Our latest estimate shows sending the National Guard to U.S. cities has cost taxpayers nearly half a billion dollars through mid-November.
The new law slashes vital services to pay for tax cuts for the rich and massive hikes in military and deportation funding.
