Tax Day 2006: Do you know where your tax dollars are going?
April 15, 2006 marks the day where families across Indiana will submit their federal and state tax returns. Its too early to know where these tax dollars will go, but data from 2005 federal outlays are available.
According to data from Office of Management and Budget (OMB), Budget of the U.S. Government, FY2007, Analytical Perspectives and compiled by the National Priorities Project, nationally more than two-thirds of every income tax dollar in goes to military, health and interest on the debt. The militarys share of the income tax dollar has risen by 20 percent since 2000, while the share of spending has dropped for job training (-21 percent), environment (-19 percent), housing (-7 percent) and veterans benefits (-2 percent). At the same time, health spendings share of the tax dollar has risen from 17 cents to 20 cents while the number of uninsured grew by 6 million.
In Indiana, the median income family paid $4,325 in federal income taxes in 2005. The median income family in Indianapolis paid $3,931 in federal income taxes in 2005. Here is how that amount was spent:
Total Amount in Taxes Paid: $4,325
Interest on the Debt (Military): $381
Interest on the Debt (Non-military): $427
Income Security: $287
Veterans Benefits: $160
Natural Resources: $62
Job Training: $15
For more information and data on other cities in Indiana, including Clark County, Evansville, Fort Wayne, Gary, and Jeffersonville, see the National Priorities Project at http://www.nationalpriorities.org/taxday Indiana Coalition on Housing and Homeless Issues (ICHHI)
The Indiana Coalition on Housing and Homeless Issues (ICHHI) is a statewide non-profit organization that believes that everyone in Indiana deserves safe, decent, affordable housing, employment, income, and resources for self-sufficiency. ICHHI is building stronger individuals, families, and communities through planning, research, education, and advocacy. Website: http://www.ichhi.org
Indiana Coalition on Housing and Homeless Issues - ICHHI Jill Nielsen-Farrell Senior Policy Analyst