Taxes - How does the government spend money?

The governments spends there money on multiple areas such as:

Military 51% - They spend this money for veteran benefits, interest in the national debt, military personel housing construction and the development of new arms.

Medicare 17% - The national health insurance program for people 65 or older and under 65 with disabilities and people with permenant kidney failure.

Medicaid 16% - This program pays for medical assistance to families and individuals who meet certain eligibility based on income. This is the largest source of medical and health resource in United States.

Misc. 13% - Payments for people receiving health care at the time services are used, and other government projects.

Savings and Debt

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U.S. Trade Deficit: Getting Better?

This article is about how the exports are reflecting the the US dollar and how the trad deficit is getting larger. The US currently has a negative negative balance of trade which is known as the trade deficit or trade gap. This is created because the US is imports, more then they export. Although things are currently changing because however our dollar decreased in value we are now highly sought because with the exchange rate foreign countries are really getting a more for there money. Since our products are more sought after, we are exporting more. This increases our GDP as well as increasing domestic jobs, but most of all our trade deficit will go down. Vehicles, diesel, earth moving equipment, shovels, factory machinery and digital components to build a modern telecommunications back bone are just some of the American made products being exported to nations abroad.

Taxes - How does the government get money?

The three main taxes in United States we pay are Federal Taxes, State Taxes, and City/Local Taxes. We also pay miscellaneous taxes such as the pollution tax. The Federal Tax covers the payroll and income tax which is taken out from your wage, the estate tax which is collected from a deceased person's estate, and the excise tax which is taken from the sale of tobacco, gasoline and alcoholic beverages. The State Taxes are mostly the same as the Federal Taxes but also have a General Tax which includes the sale of most general purchases. The City/Local taxes are basically the same as the Federal and State Taxes.