Where does your money go?

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Presentation transcript:

Where does your money go?

Federal Taxes: These are taxes/money you must give to the federal government (government for all of the USA) from your paycheck:

Federal income tax brackets

What does the Federal Government use my tax money for? Interstate Roads and Highways National Parks Some Hospitals

Army~Navy~Air Force~Marines Your Federal Taxes also pay for: Federal Law Enforcement Agencies and Officers Like the FBI and CIA. The United States Military Army~Navy~Air Force~Marines The salaries of government employees The President, Senators, Congressmen

Your Federal Taxes also pay for: Medicaid-Payments to help people who are too old or sick to work pay their medical bills.

State Taxes: These are taxes/money you must give to the state government (Georgia) from your paycheck:

State income tax brackets

What does the State Government of Georgia use my tax money for? Georgia elementary schools, middle schools, high schools and colleges. Georgia public libraries.

Pay for our fire fighters. They also use it to: Pay for our police Pay for our fire fighters.

Our state taxes money pays for Georgia roads Parks

Other places your money goes: (F.I.C.A) Medicare and Social Security