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Where Does Your Tax Money Go?Interest on government debt (8%)Mandatory spending, also known as entitlement spending, which is not subject to regular budget review (61%)Discretionary spending, which is spent on programs that Congress must regularly review and set aside for a specific purpose (31%)Mar 9, 2021

Answered by: Maurice Date created: May 13, 2022

Where does gas tax money go?

Asked By: ydaetskcoR Date created: May 13, 2022

Highway Trust Fund. The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes.

Answered By: MagGGG Date created: May 14, 2022

Where does most of the money for borrowing come from?

Asked By: Chin. Udara Date created: May 04, 2022

Borrowing. In most years, the federal government spends more money than it takes in from tax revenues. To make up the difference, the Treasury borrows money by issuing bonds. Anyone can buy Treasury bonds, and, in effect, lend money to the Treasury by doing so.

Answered By: qwerty_so Date created: May 07, 2022

Where does the money from sales tax go?

Asked By: Lou Franco Date created: May 12, 2022

Most state and local sales tax revenue goes to general government expenditures because it's added to the general fund, along with money from other sources, such as licensing fees and income taxes. For example, 84 percent of Oklahoma's sales tax goes to its general fund.22 Nov 2016

Answered By: mplungjan Date created: May 12, 2022

Does our tax money go to police?

Asked By: jfriend00 Date created: Apr 29, 2022

Our tax dollars pay for things like pensions, police and firefighters, services that uphold our safety and maintain the peace. So after we pay taxes, where does all the money go? “Depending on the state you live in, it can be very, very different. Some states, a lot of it will stay more locally.

Answered By: pixelearth Date created: Apr 30, 2022

Does student loan money go directly to school?

Asked By: Alan Thompson Date created: Apr 27, 2022

Most financial aid—including scholarships, grants, work study paychecks, and loans—will go directly to the school, where it's applied to your tuition payments, college fees, on-campus housing payments, and more. That being said, some scholarship or loan options will let the funds go directly to you, the student.

Answered By: Felix Kling Date created: Apr 27, 2022

Where does bail money go in USA?

Asked By: Ashh Date created: May 08, 2022

Where Does Bail Money Go? Once bail has posted to the courts, the money that's posted will be held onto by the court system. Until the defendant has completed all of the charges, the court will continue to hold on to the bail money.

Answered By: ehab Date created: May 10, 2022

Where does the Gates Foundation money go?

Asked By: IAmYourFaja Date created: Apr 28, 2022

The foundation has over 1,200 staff, and has given over $30 billion in grants since its inception in 2000, $3.6 billion in 2013 alone.

2 Most of the grants go to global health programmes and educational work in the US, traditionally the foundation's priority areas..

Answered By: rmaddy Date created: Apr 29, 2022

Where does my tax money go UK?

Asked By: David Jacquel Date created: May 11, 2022

The UK government spent £711 billion of taxpayers' money last year, but where did it all go.

The largest share, at almost a quarter, went on 'welfare', with a total sum of £173 billion.

Next up was 'health' with £144 billion being spent..

Answered By: Lajos Arpad Date created: May 12, 2022

Where does tax money go UK?

Asked By: Tom Gullen Date created: May 11, 2022

The UK government spent £711 billion of taxpayers' money last year, but where did it all go? The largest share, at almost a quarter, went on 'welfare', with a total sum of £173 billion. Next up was 'health' with £144 billion being spent.

Answered By: Cristian Gomez Date created: May 12, 2022

Where does the money come from for universal basic income?

Asked By: tags2k Date created: May 06, 2022

UBI would guarantee every citizen within a governed population a regular payment from the government with enough money to live on. Most UBI plans would be funded by tax revenues and would either supplement or replace existing welfare programs.

Answered By: Dennis Date created: May 06, 2022

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