How Are US Tax Dollars Being Spent? Hint: The Pentagon Is Cashing In.
Every year at tax time, the National Priorities Project at the Institute for Policy Studies releases a tax receipt to show where your federal income tax dollars go.
Every year, militarism in all its forms is one of the biggest expenses on the receipt. From war and weapons, to deportations and detentions, to prisons and policing, budgeting choices made in Congress mean that every U.S. taxpayer will contribute to these systems of violence and oppression. By comparison, almost every constructive government program — from public health and environmental protection to education and disaster management — is woefully underfunded.
For 2023, the average taxpayer will have contributed $5,109 to militarism and its support systems, including war and the military, homeland security, federal law enforcement and veterans’ programs. The biggest portion of that tax bill is for the Pentagon itself at $2,974. More than half of that, $1,748, goes to corporate contractors that benefit from U.S. militarism. That’s more than the average monthly rent in the United States.
The average taxpayer gives more to the single largest Pentagon contractor, Lockheed Martin ($249), than to the child tax credit ($110). That’s the program that was responsible for cutting child poverty nearly in half when it was briefly expanded during the pandemic. Further expansion of the child tax credit would have a far greater impact than throwing more money at Lockheed Martin, and yet the weapons maker continues to profit from inflated Pentagon spending, with $9 billion in dividends to........© Truthout
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