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Home IRS & Taxes

National Debt & Interest | Federal Tax Revenue

by TheAdviserMagazine
3 months ago
in IRS & Taxes
Reading Time: 1 min read
A A
National Debt & Interest | Federal Tax Revenue
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It’s a common question that Utahns direct to their governments at all levels — especially during taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. filing season. Where do our tax dollars go?

At the federal level, they fund our federal defense and programs like Social Security and Medicare. But increasingly, our tax dollars are being used just to pay the interest on our growing national debt.

If our budget challenge isn’t a problem our leaders are willing to address, little else should be made of our other fiscal successes.

This is a preview of our full op-ed originally published in Deseret News.

Continue reading

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