Q:

How much tax money goes to prisons?

A:

Quick Answer

Approximately 5 percent of state budgets, which are funded through taxpayers, go towards prisons and corrections programs. On the flip side, approximately 25 percent is used to fund K to 12 education.

Continue Reading

Full Answer

Each year, about $50 billion goes towards the costs for prisons and corrections programs, which also includes juvenile justice programs and parole activities. There has been more money spent within the prison system in recent years at the state level, but even so, it remains a small portion of the total state budget. Transportation budgets, which is used to repair bridges and build roads, are approximately the same as that of prisons and corrections programs.

Learn more about Taxes
Sources:

Related Questions

  • Q:

    What is the difference between estate tax and income tax?

    A:

    Representatives of a deceased person pay estate taxes before the money is distributed to beneficiaries, and taxpayers pay income taxes on their earnings, according to TurboTax. Individuals who receive money from an estate aren't required to pay federal taxes on their inheritance, although individuals in some states may owe a state inheritance tax.

    Full Answer >
    Filed Under:
  • Q:

    What is IRS Form 5498?

    A:

    Internal Revenue Service form 5498 reports the amount of money that taxpayers contribute annually to their Individual Retirement Accounts, including Roth and traditional IRAs. Trustees for IRAs must file this form with the IRS by May 31, and taxpayers may need the form to calculate their deductions, notes TurboTax.

    Full Answer >
    Filed Under:
  • Q:

    Is it free to file federal taxes online?

    A:

    There are several online services that allow taxpayers to file their federal income taxes for free; the Internal Revenue Service offers a tax preparation service that is free for almost everyone. This service is called Free File.

    Full Answer >
    Filed Under:
  • Q:

    How many IRS government tax forms are there?

    A:

    As of 2015, the Internal Revenue Service website contains 896 tax forms for taxpayers to view, download or print. Taxpayers find a list of these files by searching for the word "form" in the blank box, selecting Product number from the drop-down menu, and then clicking Find, according to IRS.gov.

    Full Answer >
    Filed Under:

Explore