Question of the Day: What are the top three expenses the government paid for with our tax dollars in the most recent tax year?
It's important to first understand how much a common starting salary pays in taxes. But then where does it go?
Answer: Health (Health + Medicare) first at 29.8%, National Defense second at 17.8%, and Social Security third at 16.6%
Questions:
- Are you surprised by the top 3 categories the Federal government spends taxpayer money on? Explain.
- How would you adjust the spending allocation across these categories (if at all)? Why?
- What top three items do you think the government will spend tax dollars on in ten years? Why?
Behind the numbers (USA Spending):
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Taxes on the mind? Check out NGPF's Taxes blog which is full of ideas to engage your students!
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Want to attend NGPF Professional Developments and earn Academy Credits on your own time? Check out NGPF On-Demand modules!
About the Author
Mason Butts
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.
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