Tax Wrapped 2025
taxwrapped.com
taxwrapped.com
Content wise it's pretty eye opening just how much of our tax dollars go to things like social security, medicare and interest. Seeing it laid out in the exact dollar amount affecting me is pretty powerful stuff. I wonder how much voting habits would change if this was a common way to communicate the cost of federal programs. I had moments where I was thinking "why are we not spending more on education!" as a result as well.
Awesome work!
Maybe expand this with a second section estimating what you're receiving from the government?
The demographic here is likely to be benefitting most from the mortgage interest deduction and 401k contribution "deduction" (it's deducted before pay is reported, but mathematically it's the same thing), FWIW. Younger folks are probably still paying well under market rate on their guaranteed student loans, and older FAANG scions are very much helped by the very low long term capital gains rate too.
I don’t think the website is lacking in describing things that we get from the government.
Even if you ignore people over 65, or over whatever age it is you think people start saving any money, there are plenty of young people with disabilities receiving Medicare benefits.
But regardless, the point was that all the "cash" you see in your investment accounts (even if you, personally, don't carry any) is predominantly treasuries and other short term high-confidence debt. Everyone owns treasuries, it's only true that very few people "buy" treasury notes.
At what point does that tip to "meaningful population" for you?
If you want to make a point about wealth distribution, then make a point about wealth distribution. This was a subthread about government finance policy.
It's crazy that our interest payments are so high. I remember when Clinton actually balanced the budget (no deficit), I was a teenager and couldn't care less. But I only a few years ago started to understand how much that sounds like Sci-Fi in this day and age.
I see other people recommending taxes that are missed, but with people being taxed from every angle it's impossible to accurately measure tax burden. That's by design.
"In this world nothing can be said to be certain, except death and taxes."
But... Even death does not save you from taxes.
Now add in other wasteful spending. Add in inefficiencies. Add in the deficit. Add in inflation and money printing. Add changing administrations with their own goals. Add wars and other foreign affairs. Add in spying on citizens. Add in back door deals with giant corporations and insider trading.
Saying "If you ignore all the bad parts, the government is beneficial" is not a strong argument.
There are SOME people who benefit from the social safety net. But as a whole it's largely a drain on everyone else.
The $1 I put into that doesn't "come back" to me in cash; I get it in the form of a society that has fewer people going hungry, dying from treatable conditions, etc. This is where the argument around efficiency, waste, etc. can be made, but waxing about inflation, etc. has essentially nothing to do with the matter.
It is possible to spend money that gets more money back later. Think of investing in infrastructure that creates more economic activity. Imagine how much better the economy grew once we connected the transcontinental railroads and electrified towns. These were huge projects that no one could have funded on their own, but with coordination with all the money from everyone else. I can't think of any other way to coordinate that much money without getting taxes involved.
The same argument you're making is commonly used to build tax subsidized sports stadiums. I'm curious if you agree with that as a valid use for local taxes.
In my previous message I mentioned "back door deals with giant corporations and insider trading" as a bad thing. Well, the bigger the master planned project is, the more incentive there is for shenanigans.
The next category was military which I think we can all agree that US spends too much on the military but it would be silly to claim that I don't benefit from the pax americana.
The next category was interest on debt... Which yeah... not stoked about that.
I agree that helping the elderly, homeless, and hungry is good. Everyone does. The question is: Is the government making a better use of that money than you would? I believe the answer is a strong "NO". You do not get to keep the good and ignore the bad.
Lastly if you've ever walked around any major US city you'll see plenty of elderly, homeless, and hungry folk. So I'm not convinced any money going towards that goal has helped much. Haha
The whole site would be way more informative if social security was broken out.
Even better if it included how much you and your employer spend on health care, because most people are literally spending more because there is no universal health care.
The only thing useful in the whole thing is how much tax money goes to "defense"
Is thinking of it in this sense actually accurate? I always assumed since every government has embraced MMT they can spend whatever they want simply by printing it out of thin air. Then taxation could be understood as the only crude knob to "destroy money", and also has the effect of forcing USD to be the primary national currency (e.g. owning bitcoin won't do you any good if you ultimately need to pay taxes in USD).
This is doing a lot of imaginary heavy lifting.
Something I learned a few years ago: debt is to national debt what a chair is to an electric chair[1]. Government has to increase monetary base when economy grows. National debt is a good thing, where credit cards are just awful.
> Interest doesn't buy anything. It's the price of having spent money we didn't have.
And where does interest go? WHERE DOES INTEREST GO? <insert goose chase meme>
[1] or java to javascript :)
It’d be interesting to see how different political factions might rack and stack these line items in different ways.
You're talking a catastrophic level of pain and suffering if there's nothing to take its place.
In principle the US could phase such a system in by redirecting future Social Security payroll taxes to 401(k)s while maintaining existing commitments. But because Social Security is so deeply underfunded, workers would need to keep up solidarity payments for decades without any expectation of reciprocity once they retire.
Still, everyone would be better off in the long run.
A snakey diagram with percentages would have been cool for the weirdos like me.
transportation government operations natural resources community development education & social services agriculture international affairs science & space and energy
...anxiety rises.
It worked great on mobile
It worked fine until it got to the point where it showed me how many tax dollars I contributed in 2025, and had a little popup fade in (and disappear again) that said "Swipe to continue"
That was the end of the road for me. It was impossible to proceed further.
(These UI non-elements can all go die in a fire together.)
Does your mouse have a scroll wheel?
But my mouse's scroll wheel is not a swipey-thing.
I know there's not just one type of billionaire, but many, And I wonder if any are more or less significant than each other to the Nations financial Health.
poor people getting Medicaid are like 20% of the population of most states.
essentially we are promising everyone who turns 65 to get ~$800k in benefits, and this is simply not affordable.