Benjamin Franklin once mused that “nothing can be said to be certain, except death and taxes.” While everyone in the U.S. pays different tax rates based on income, the average worker spends 1 hour and 55 minutes -just short of two hours, out of their 7.5 hour work day earning money that will ultimately just be taken out of their check to pay taxes.
If you think that budgeting and saving money is hard, think again!: 50 Quick & Easy Ways to Save Money
But where does that money go? This infographic helps visualize where those funds go, as broken down by time worked per day to pay them and the actual value of those average daily taxes.
Over half of the money we pay out goes to defense, social security and unemployment taxes, which is something everyone should be aware of, no matter what side of the political spectrum they happen to be on.
Source – Visual.ly
Love this article? Share it with your friends on Facebook