Does Montana Give or Take Federal Taxes
Tax season is here and as you file, the thought probably crosses your mind "where does my federal tax go?" Talking Points Memo recently put together a report that shows what states give and which take from the federal tax pool. These tax dollars include Medicare, Social Security, Medicaid, Income Assistance, SNAP, Unemployment Insurance, Veterans Benefits, Education Assistance and Payments to Native American Populations. Where does Montana stand?
According to TPM, for every $1 Montanans pay in federal taxes, we take $1.77. But not all states take more than they pay.