Where Is Your Tax Money Going in 2010?

Tax Tips

Infographic by Column Five Media.

According to the most recent Census study, the median household income in the US is $52,029. So, in 2010, with a tax rate of 20.9%, a total tax bill of $10,850 could be expected. But have you ever wondered where these tax dollars went? The graphic below illustrates the distribution of an average household’s tax dollars, by category and dollar amount. Some of the figures may come as a surprise.

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<a href=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/05/whereisyourmoneygoing.jpg” mce_href=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/05/whereisyourmoneygoing.jpg”><img src=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/05/whereisyourmoneygoing.jpg” mce_src=”http://blog.turbotax.intuit.com/wp-content/uploads/2010/05/whereisyourmoneygoing.jpg” alt=”WHERE-IS-YOUR-MONEY” title=”WHERE-IS-YOUR-MONEY” width=”630″ height=”1437″ class=”alignnone size-full wp-image-8428″ /></a><br /><a href=”http://www.turbotax.com/” mce_href=”http://www.turbotax.com/”>Free Tax Filing, Efile Taxes, Income Tax Returns</a> – TurboTax.com

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