Daily Archives: March 11, 2005

2 posts

FCNL: 42 Percent of Your Tax Dollars Buys More War

[ FCNL is the Friends (Quaker) Committee on National Legislation. –BL ] FCNL Email | 11 March 2005 Tax day is April 15. Did you know that about 42% of our income taxes this year will go for military purposes? This figure is computed based on federal funds outlays in fiscal year 2004 (FY04) of $1.7 trillion. The federal funds budget includes spending for all discretionary programs (for which Congress appropriates funds each year) and for all mandatory programs such as Medicaid, food stamps, Earned Income Tax Credit, and other needs-based programs (which are paid for out of general revenues). The […]