40 cents of every tax dollar goes to interest on the national debt. Do you have a chart that show

    year by year what percentage of the tax dollar goes to interest on the national debt?

    0  Views: 180 Answers: 1 Posted: 11 years ago

    1 Answer

    I do not see 40 cents to the dollar going to interest. but it might be.


    Military: 27.4 cents
    (Includes 7.6 cents for weapons development and acquisition. Also 5.6 cents for the wars in Iraq and Afghanistan.)
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    Health: 21.5 cents
    (Includes 1/10 of 1 cent for Planned Parenthood. Also, 2/7 of one cent for the Children's Health Insurance Program.)
    Interest on the National Debt: 13.8 cents
    Income Security and Labor: 10.9 cents
    (Includes 2/3 of 1 cent for Temporary Assistance to Needy Families, commonly referred to as welfare.)
    Housing and Community: 4.9 cents
    (Includes 1/5 of 1 cent for Community Development Block Grants. Also, 1/3 of 1 cent for Section 8 low-income housing)
    Food: 4.2 cents
    (Includes 1/4 of 1 cent for the Women, Infants and Children supplemental food program)
    Veterans Benefits: 3.9 cents
    (Includes 1/3 of 1 cent for veterans medical services)
    Education: 3.5 cents
    (Includes 6/10 of a cent for Pell grants. Also 1/4 of 1 cent for Head Start)
    Government and Commerce: 3.3 cents
    (Includes nearly 2/10th of 1 cent for Corporation for Public Broadcasting. A tiny portion of that includes federal grants to National Public Radio).

    Energy, Environment and Science: 3.0 cents
    (Includes 2/3 of 1 cent for weatherization assistance; 1/6 of 1 cent low-income home energy assistance)
    Transportation: 2.2 cents
    International affairs: 1.2 cents
    Note: Numbers represent federal spending of one income tax dollar. This excludes money from the payroll tax that is obligated by law for specific programs such as Social Security and Medicare. Those programs are not funded by income taxes and are not currently on the table for cuts, nor are they expected to be affected by a government shutdown. Figures here total 99.8 cents because of rounding.
    Sources: National Priorities Project, Center on Budget and Policy Priorities, White House Office of Management and Budget, Republican Study Committee, Sen. Sherrod Brown's office, National Public Radio, Planned Parenthood Federation of America.

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