30.9k views
3 votes
Who primarily uses our tax money?

1) Your employer
2) The state government
3) The Federal government
4) Local businesses

User Sfseyhan
by
7.1k points

1 Answer

3 votes

Final answer:

The Federal government is the primary user of our tax money, supported by individual income taxes, payroll taxes, and corporate income taxes. State and local governments also utilize taxes for public services and infrastructure.

Step-by-step explanation:

The entity that primarily uses our tax money is the Federal government. Taxes, including individual income taxes, payroll taxes for social insurance, and corporate income taxes, are the primary sources of federal revenue. For instance, individuals pay a substantial amount, with 1.7 trillion dollars coming from individual income taxes. The type of taxation and the amount collected can vary depending on one's income level, with a sliding scale applied to ensure equity.

State and local governments also collect taxes, which are used to fund critical services such as schools, public safety, and infrastructure like roads and bridges. The percentage of the budget that comes from these taxes differs across different governments and regions. Taxes paid at the local level tend to support community-specific projects and services.

User Bharathi
by
8.3k points

No related questions found