Taxes: the engine that moves the United States

The taxes that we as American citizens pay are the fundamental pillar on which our society stands. These revenues allow federal, state, and local governments to fund a wide range of essential public services, such as:

• Infrastructure: Construction and maintenance of roads, bridges, airports and public transportation systems.
• Education: Financing of public schools, universities and scholarship programs.
• Health: Support for public health programs, medical research, and healthcare for low-income people.
• Security: Protection of our borders, law enforcement and emergency services.
• Social welfare: Assistance programs for the elderly, disabled, and low-income families.

Below we explain how taxes are distributed:

The distribution of tax revenue varies depending on the level of government and the type of tax. Federal taxes, for example, are primarily used to fund national defense, social security programs, and Medicare. State and local taxes, meanwhile, go to fund services at the local level, such as education, police and firefighters.

Remember that at Prime Tax Solutions we are experts in managing your taxes.