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The Weirdest Things Your Taxes Pay For

Research scientists prepare a pizza for a mission to Mars. (Michael Stravato, AP)

For fiscal hawks looking into ways to humiliate the government, there's never a lack of examples to show Washington's wastefulness. In October, Sen. Tom Coburn (R-Okla.) released Wastebook 2012, a look at over $18 billion in projects that are bizarre, and often hard to justify.

Admittedly, $18 billion is just a drop in the vast sea of federal expenditures. For example, it's just over 2% of the defense budget, or 9% of the yearly cost of the Bush tax cuts. Still, it's hard to ignore over $1 million dollars spent on video game development or the hundreds of thousands put into creating a robotic rodent. If you're looking for a quick laugh -- or a little bit of righteous outrage -- take a peek at our gallery of weird government expenditures.

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Cities with the Lowest Tax Rates

The total amount of tax you pay reaches far beyond what you owe the federal government. Depending on where you live, most likely you're required to pay additional taxes, including property and sales tax. The disparity between the amount of tax you pay in a low-tax city and that in a high-tax city can be dramatic. Living in any of these 10 cities could save you a bundle, although the exact amount may fluctuate based on your income and lifestyle choices.

Cities with the Highest Tax Rates

Much ado is made in the press about federal tax brackets, but cities can carry a tax bite of their own. Even if you live in a state that has no income tax, your city may levy a variety of taxes that could eat away the entire benefit of living in an income tax-free state, including property taxes, sales taxes and auto taxes. Consider all the costs before you move to one of these cities, and understand that rates may change based on your family's income level.

Great Ways to Get Charitable Tax Deductions

Generally, when you give money to a charity, you can use the amount of that donation as a deduction on your tax return. However, not all charities qualify as tax-deductible organizations. While there are many types of charities, they must all meet certain criteria to be classified by the IRS as tax-deductible organizations. There are legitimate tax-deductible organizations in many popular categories, such as those listed below.

A Freelancer's Guide to Taxes

Freelancing certainly has its benefits, but it can result in a few complications come tax time. The Internal Revenue Service considers freelancers to be self-employed, so if you earn income as a freelancer you must file your taxes as a business owner. While you can take additional deductions if you are self-employed, you'll also face additional taxes in the form of the self-employment tax. Here are things to consider as a freelancer when filing your taxes.

Tax Deductions for Voluntary Interest Payments on Student Loans

Most taxpayers who pay interest on student loans can take a tax deduction for the expense ? and you can do this regardless of whether you itemize tax deductions on your return. The rules for claiming the deduction are the same whether the interest payments were required or voluntary.

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Taxing the $ 1,000,000 and over a little bit more would not hurt anyone, get all these individual, sit down and come up witha fair tax for them and YOU WILL REALLY BE SURPRISED!!!!

December 24 2012 at 8:15 PM Report abuse rate up rate down Reply

While acknowleging that some of the items on this list are simply corporate welfare, several are rooted in serious scientific investigation.

December 17 2012 at 6:32 PM Report abuse rate up rate down Reply