GALLERY:
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GALLERY:
Your Money
NEWS:
Stay Updated
Obama's tax reform plan lowers corporate rate to 28% and closes loopholes
Taxes on oil and gas companies would see their taxes go up while losing many large deductions and subsidies.
Dow briefly tops 13,000 for first time since 2008
The Dow Jones Industrial Average hit 13,000 for the first time since 2008, but failed to stay there as the markets failed to gain much momentum.
Gallup finds unemployment at 9% in February
Unemployment rose 0.7 percent, reaching 9% according to a new Gallup survey.
INFO:
Where Do Your Taxes Go?
Total Federal Budget: $2.7 Trillion Dollars
Social Security: $581 Billion
Medicare & Medicaid: $561 Billion
Defense Spending: $549 Billion
Discretionary Funding: $493 Billion
Other/Mandatory Spending: $309 Billion
Interest on Federal Debt: $237 Billion
Source: Budget of the United States Government
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