A person
making $50,000 a year pays $36.50 a year in taxes for food stamps
A person
making $50,000 a year pays 10 cents a day in taxes for food stamps -Story
A married
person with one child making $50,000 a year will pay exactly $3,820 in federal
taxes. Of those, $2100 is allocated to Social Security, and $725 is distributed
Medicare. This leaves a whopping $995 to be used to pay for programs
administrated by the Federal government. That money is broken down below in its
entirety:
- National Defense $247.75 / 24.9%
- Health care -- $235.81 / 23.7%
- Job and Family Security -- $190.05 / 19.1%
- Net Interest -- $73.63 / 8.1%
- Veterans Benefits -- $44.77 / 4.5%
- Education and Job Training -- $35.82 / 3.6%
- Natural Resources, Energy, and Environment -- $19.90 / 2.0%
- Immigration, Law Enforcement, and Administration of Justice -- $19.90 / 2.0%
- International Affairs -- $15.92 / 1.6%
- Science, Space, and Technology Programs -- $9.95 / 1.0%
- Agriculture -- $6.96 / 0.7%
- Community, Area, and Regional Development -- $4.98 / 0.5%
- Response to Natural Disasters -- $3.98 / 0.4%
- Additional Government Programs -- $78.61 / 7.9%
The
category needed for examination is "Job and Family Security", which
comprises 19.1% of all of the $995 paid in. In the future I will examine other
categories in more detail. The breakdown of the $190.05 is listed below:
- Unemployment insurance -- $22.88 / 2.3%
- Food and nutrition assistance -- $36.82 / 3.7%
- Housing assistance -- $19.90 / 2.0%
- Earned income, Making Work Pay, and child tax credits -- $32.84 / 3.3%
- Supplemental Security Income -- $18.91 / 1.9%
- Federal military and civilian employee retirement and disability -- $43.78 / 4.4%
- Child care, foster care, and adoption support -- $5.97 / 0.6%
- Temporary Assistance for Needy Families -- $6.96 / 0.7%
- Railroad retirement and additional income security -- $4.98 / 0.5%