Where Do the Taxes Go?

Where do the taxes you pay go? Some answers are truly shocking.

The government collects taxes, roughly two trillion dollars per year. Americans want to believe that everything is money in the services that we provide available. Unfortunately, this is not the case. Approximately one third of the money is, as the government is wasting very inefficient. Another third (according to one source), are not covered. That leaves third!. That's still several hundred billion dollars.

One theory is that most of the federal money is not essential, and nonessential services to pay, but it's wasted! It is used to pay the interest on our national debt. As of this writing, the national debt was just over $ 11000000000000!

Speaking of the public debt, it took the U.S. 191 years to run its first trillion dollars in debt. In Bush's presidency, he ran for almost 5 trillion faster than all his predecessors. About $ 400-billion debt was accumulated in 57 days since the inauguration of President Obama, and if forecasts are in, it will run on more debt in 4 years than Bush has in 8

Investors are worried. When you are asked, Obama said they had nothing to fear. I do not belong to someone without them is an opportunity to bash, but Obama, the probationary period by in my book, and the U.S. is a sinking ship. Sorry for being un-patriotic.

Editor Tips

First and foremost, the FASB seems to eliminate the amortized cost method preferred, with few exceptions, while the IASB continues to see relevance in a number of evaluation basics. Both bodies seems to be the concept of the intention of management "with more, FASB issued for the purposes of determining the geography of the unrealized gains and losses.

Now you need to, to what extent the help you are looking for a decision. Perhaps only someone who need to file your claims, while accounting records of your. Or do you have several employees, and you need help sorting your tax deduction.

The simple truth is, there are a lot of individuals who work as independent contractors are really employees but for tax purposes. If you hire independent contractors, you should use the three prong test, the IRS, to see how they really should be classified.