News
Tax Day: Where does your money go?
Tax Day: Where does your money go?
1 / 10
Filed your taxes? You have until midnight to mail or file your federal income tax return. Writing a check to the U.S. government may make you wonder where all the cash goes. In fiscal year 2012, the U.S. took in $2.4 trillion in taxes, $1.1 trillion (45 percent) of that in income taxes. Social Security taxes account for about $841 billion (35 percent), corporate income taxes for $237 billion (10 percent) . That's a lot of money, but the government spent $3.5 trillion, for a projected deficit of more than $1 trillion.
Today’s Gallery Headlines
Credit: arvin.temkar@ajc.com
PHOTOS: SEC Media Days in Atlanta
The Southeastern Conference's annual media days event is being held this week in Atlanta, with coaches and players from every SEC school meeting with various members of the me...
PHOTOS: Beyoncé fans embrace cowboy culture for Atlanta shows
This Ain't Texas, it's Atlanta. Beyoncé fans put on their spin on cowboy fashion for the music icon's "Cowboy Carter Tour."
Credit: Jason Getz/AJC
PHOTOS: 2025 Home Run Derby in Atlanta
A day before Tuesday night's MLB All-Star Game in Atlanta, fans turned out at Truist Park for this year's Home Run Derby.
Credit: abbey.cutrer@ajc.com
PHOTOS: All-Star Village draws baseball fans in Atlanta
Fans embraced all things baseball as the All-Star Village for opened for All-Star Game activities.