The main purpose and aim of taxes is to make the lives of people in the country better. However, what good are taxes if not used for the citizens' benefit.
In almost all the countries in the world, governments take taxes from their citizens to provide them with better services. The difference, however, is based on the percentage of taxes charged along with the fact that which kind of service or product has been purchased. In a recent post by u/FussyPickles, a lot was spoken about the fact that people in the United States of America lack the knowledge about where exactly the money they are funding or sending to the government, is being utilized.
Many taxpayers in the US do not know what they are paying their taxes for, which can cause a certain amount of unrest within the population. The post began by writing, "What exactly are we paying taxes for in the US?" After that, the individual begins to mention all the areas where they believe their tax money isn't being used. The list of places where the money won't be used are health care, infrastructure, free education, job prospects, family benefits, childcare, public transit, safety net and mental help.
They then conclude the post by asking another crucial question, "What is the 17 trillion GDP that just went up by 5% in the last fiscal quarter paying for exactly what the bill said? We don't wanna increase our taxes by 1% to pay for universal healthcare, but they are increased way more than 1% and I have no idea for what."
According to the Center on Budget and Policy Priorities (CBPP), the budget allotted for the fiscal year 2023 was a whopping $6.3 trillion, which is the nation's gross domestic product. Out of that, about $4.8 trillion is financed by federal agencies. Social security takes up 21% of the budget, health insurance has 24% and another 13% is kept aside for defense. Along with that, there's also more money allotted. While not all of the things mentioned in the individual's list coincide with the list given by the CBPP, there are some undeniable similarities.
The comment section was full of people giving their two cents about what they think is done with their money. u/drMcDeezy said, "Subsidies to the companies with record profits and stock buybacks that are price gouging us." u/ivenobicyle said, "You paying taxes so that billionaires who could afford taxes don't have to pay taxes, oh and a big boatload of war! It's the American dream!" u/drempire said, "You pay taxes to ensure the rich stay rich. Now do your part to help make sure the rich and their families live comfortably and stop this nonsense about not being able to afford insulin."
However, others clarify where the taxpayers' money goes. u/nonsensical-response said, "So, you have every single right to be upset since the vast majority of our tax money doesn't fund any of the things you list and instead, funds things like the armed forces, international aid and many other purposes which are either problematic or questionable. However, the list you have just isn't correct and rhetoric fueled by lies is exactly what those in power have used for decades now to confuse and manipulate the American people. Tax money (state and federal) does fund Obamacare, does fund public schools, does fund things like food stamps and medicaid/medicare and other welfare programs, does fund mental health programs on the state and federal levels. I'm not saying these programs are great, effective or enough. But I'm not ready to co-sign on straight-up lies, even those fueled by reasonable hopelessness and anger."