I assume “Other purposes” is govt kickbacks to mining and gas companies 😬
Nice to see our debt is being reduced. Meanwhile, the US is struggling to figure out how not to let their economy implode.
They got is sorted mate. They printing more money.
Un
fortunately paying the interest on your debt is not the same as paying down the actual (principle) debt. Unless there’s something I’m not seeing.Edit: There was in fact something I wasn’t seeing.
See “gross debt this year” and “last year”. We had surplus so it has been put toward paying down the principle
Derp, I just looked at bar chart breakdown, didn’t see that.
W government. We need this level of transparency from all governments.
Mannnn… I wish we had this in the U.S. Unfortunately it would ruin a lot of the propaganda forced down our throats, disabling some talking points for our dumbass politicians.
They’d never give us something so comprehensive.
You can go here and get something pretty close to OP’s posting.
Eww you guys are getting close to spending more on education than the military. Slippery slope.
Sarcasm I hope?
No way!
if you can’t tell this is sarcasm, then you might not be best placed to be on the internet message boards, as you might misunderstand 99% of comments
deleted by creator
As mentioned by @[email protected] above:
This is just federal spending. Most educational spending is at the state level.
It gets worse-
They spell defense with a c!
Those goddamn commies need some freedumb!!!
USA:
Defense: |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| |||||||| Boomer Welfare: |||||||| |||||||| |||||||| |||||||| |||||||| Interest on Debt: |||||||| |||||||| Everything Else: |As yet, social security is still a SELF-FUNDING program that lends money to the general fund. I’m gen-x, not a boomer. Stop buying into generational warfare. We have more in common with working class boomers than with gen Z tech bros.
social security is still a SELF-FUNDING program
It’s also had negative cash flow for the last decade despite exponentially growing future obligations, and is currently trending towards insolvency by 2033. That’s what happens when you detach expenditures from taxes. So while boomers are simultaneously enjoying low taxes and reaping the benefits of social security, the fund will run out of money before it can have any chance of paying out for millennials. It’s not like the social security taxes I’m paying now are being “set aside” for me - they’re going directly into the welfare checks for my parents.
and what’s wrong with “social services” having a negative cash flow? It’s to help people in need, that’s the entire purpose of taxes, to help the community/country. why do people think that any government systems should be positive cash flow like it’s a business? LOL
Pretty sure they aren’t upset at the government not turning a profit or taking care of people.
social security is still a SELF-FUNDING program
[Insolvency is] what happens when you detach expenditures from taxes.
So while boomers are simultaneously enjoying low taxes and reaping the benefits of social security, the fund will run out of money before it can have any chance of paying out for millennials.
It’s not like the social security taxes I’m paying now are being “set aside” for me
As someone who has spent a lot of their time around wanna be gen z tech bros, 99% of people have more in common with a damn antelope than gen z tech bros, especially the fanatically devoted ones. Those guys make some Jonestown people look like they
aren’tweren’t in a cult
It’s cocaine and prostitutes because it’s always cocaine and prostitutes.
In America, our government organizations can’t pass an audit
Actively
Most can. The DoD has consistently failed for years. Yet we still keep ballooning their budget.
I mean, how else is the US going to afford to kill brown people in other countries to ensure rich white people can keep getting richer?
Such edge lol
Such worthless, juvenile commentary. Fucking Redditors.
In the US we just all know that it’s bombs to kill the enemies of whoever the companies are allowed to sell them to, and fighter jets that don’t work.
Fuel and energy is also mining and has kickbacks.
I paid twice that in taxes here in the USA and I still don’t have proper health insurance. If I got sick, I would be destitute.
You pay more in taxes than I earn in a year.
Other purposees are maybe funding for the esa (european space agency)
You pay 20 000 $ of taxes!!!
Yes, from a salary of about 90k. However this is federal tax. We dont pay individual state taxes as well. Our sales tax is built into the price of goods. Our healthcare is also completely free.
Comparatively, in the US a $90k USD salary is about $10,415 in federal taxes.
However, my family healthcare is about $22k in premiums alone, for a high-deductible plan. This includes the employer-paid portion, as that is part of my total compensation package. Then there is the deductible ($5k) before the insurance starts paying out. And this is not including Medicare/SS taxes as well.
I think something like this would make U.S. citizens feel better about taxes in general, since it can sometimes feel like you’re throwing a large portion of your hard-earned money away.
true but seeing how much goes to welfare might make republicans hit the roof. Everyones got that uncle that hates the poors.
Most in Australia don’t read where the money goes. Taxes aren’t too bad (IMO) and the system is so easy that once you submit you don’t really go back to see where it went. Or maybe I live in a bubble.
Mind you the largest chunk of that is the elderly with the unemployed being one of the smallest ones. I’m very much in favour of both by the way.
If you think your taxes are too high then it’s not because too much is going to welfare; it’s because too much is going to tax breaks (which won’t show up on a chart like this) for fossil fuel companies and the wealthy.
The data to create this is essentially public with budget bills right? It would just take building a percentage tree and categorizing them appropriately. I might look into how complex this would be to build.
its basically just proportioning out the nations budget against the amount of tax paid,assuming you had access to how much was spent where by category, it would be a peice of piss to make
Luckily they even do the categorization and calculate percentages for you!
I had no idea this existed; thanks for the share!
Based.
