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What Do Your Taxes Actually Pay For?

Includes visualizations

2100_biz_taxforms_0713When Benjamin Franklin wrote that “in this world, nothing can be said to be certain, except death and taxes,” he left out a third inevitability: fierce disagreements over tax rates and spending.

As long as our government spends a lot more than it takes in, taxation will continue to be a cause of strife between conservatives and liberals, the former fighting for lower taxes and smaller government; the latter for higher taxes on the wealthy and increased revenue for public services. It’s like a boring version of the NeverEnding Story (without cool flying animals). Continue reading