What Your Tax Dollars Do For You
Author: Ken Snowie
In this article, we will take a look at the influence the
government exerts over our daily lives through our taxation,
and the good and bad aspects of that influence.
Through direct spending, the U.S. government controls
approximately 43-45% of the economy. Today, government spending
accounts for almost as much of the economy as spending in the
private sector. After the passage of the New Deal legislation,
during the late 1930s, the private sector controlled almost 90%
of the economy. We have experienced quite a huge change in the
last 2 generations. The average American remits about 5.3
months of his or her work year in order to support government
spending.
The American economy is separated into two sectors: there is
one that is dependent upon federal, state, and local government
spending, known as the public sector; all others known as the
private sector. The private business sector is funded by tax
dollars collected from Americans. What the government decides
to spend and allocate is primarily funded by our tax dollars.
Government spending controls $5.4 trillion dollars of the total
spending, and when you figure in the $1.4 trillion
government-forced spending, the government actually controls
somewhere near 58% of the economy's national income. That is a
3.5 times increase from a hundred years ago. And the economy
has been in a steady decline. The ability of private sector
growth to increase has been reduced over time, thanks to the
fact that the government largely governs even private sector
business.
Increased government control gets a big boost from the special
interest groups, and the capability of big corporate entities
to lobby Congress for programs and funding, as well as changes
in tax laws that benefit them alone. In addition,
government-funded welfare and public assistance programs are a
major contributor to the government spending programs.
The problems with government spending are not going to end
anytime soon. This isn't what our forefathers had it in mind
when they broke free of oppressive British rule and penned the
Declaration of Independence. Without major reforms, in the near
future, we will see our children paying $25,000 each year to
support an overburdened and imperious government.
About The Author: Discover more about tax and tax returns by
visiting
http://www.besttax.info
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