You get a gross and net pay. The net pay shows how much you take home. But the taxes are taken out as big generalistic chunks, like Federal and State. You don’t get further itemization.
By law you do. You just aren’t accessing your payroll portal online to look it up. It will be there. It’s literally required for filling out your taxes in April
I’m talking about knowing what specific tax dollars go towards. E.g. was my $100 in federal taxes earmarked for military or something else? There is no such itemization that I am aware of.
In the U.S., the IRS collects all federal taxes and deposits them in the Treasury. The President submits a proposed annual budget and Congress spends entirely too much time appropriating the money from the Treasury to fund those parts of the budget it approves. There is no way to know what your tax dollars went to specifically because they go into a comingled fund that pays for all federal appropriations.
how do you know how much you’re supposed to be taking home?
You get a gross and net pay. The net pay shows how much you take home. But the taxes are taken out as big generalistic chunks, like Federal and State. You don’t get further itemization.
By law you do. You just aren’t accessing your payroll portal online to look it up. It will be there. It’s literally required for filling out your taxes in April
I’m talking about knowing what specific tax dollars go towards. E.g. was my $100 in federal taxes earmarked for military or something else? There is no such itemization that I am aware of.
In the U.S., the IRS collects all federal taxes and deposits them in the Treasury. The President submits a proposed annual budget and Congress spends entirely too much time appropriating the money from the Treasury to fund those parts of the budget it approves. There is no way to know what your tax dollars went to specifically because they go into a comingled fund that pays for all federal appropriations.
I think everyone is misunderstanding what you are saying. Maybe I am too.
I believe you want to know what your tax dollars are being spent on? Like how much to make bombs vs space probes vs education?
If so, interesting idea. But you probably don’t want to know.
Yes, this. There is no further itemization on taxes beyond generic “federal”, “state”, etc.
I’ve occasionally looked this up over the years and calculated it all manually. Not too hard to access federal budget numbers…
I just found this tool where you can put in your tax $ and it will break it down for you: https://www.nationalpriorities.org/interactive-data/taxday/