How much federal tax goes toward education?

Answer The federal government spent more than $35 billion on education in the 2009 fiscal year. For a government that takes in more than $2 trillion in revenues, however, this represents a tiny slice of t... Read More »

Top Q&A For: How much federal tax goes toward education

How much of my paycheck goes to federal taxes?

The percentage of your paycheck that goes to federal taxes may depend on your marital status, disability, expenses, number of children, occupation and other relevant factors. This can range from 10... Read More »

How much of one's income goes to federal tax?

Federal income taxes will vary, based on the amount of income claimed. In 2009, the taxation rate was 15% for individuals earning less than $33,950 and 25% on an income ranging from $33,950 and $82... Read More »

How much of our federal income tax goes to pay national debt?

About ten cents of every tax dollar is spent on servicing the national debt. As of May 2010, the government has spent $224 billion on interest payments for the national debt.References:Federal Budg... Read More »

IS it true: Than none of the income tax you pay goes toward paying for public services...?

Actually, it's usually state and local taxes that pay for schools, and it's usually highway taxes that pay for roads, so very little of your federal income tax *is* used for those things. That does... Read More »