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Tax

From ProleWiki, the proletarian encyclopedia
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Revision as of 20:06, 4 July 2023 by Ledlecreeper27 (talk | contribs) (USA)
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The U.S. spends 37% of its federal budget ($1,655,000,000 per year) on war.

A tax is a compulsory financial levy on the purchase, sale, use, or ownership of a good, service, or income of an individual. It is the most common means for market economies to fund their governments. It has existed sense ancient times, and have been used in slave, feudal, capitalist, and market socialist societies.

By country

United States

The U.S. federal government spent $4.546 trillion of money gained through income taxes in 2023. It spent 37% of the budget ($1.665 trillion) on the military, including $730 billion on the Department of Defense, $54 billion on the Department of Homeland Security, and $32 billion on nuclear weapons.[1]

References

  1. "Where Your Income Tax Money Really Goes" (2023). War Resisters League. Archived from the original on 2023-06-16.