- Days left

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.


Increase your money and finance knowledge from home

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

TurboTax Articles

Employer Sponsored Health Coverage Explained

The Affordable Care Act, also known as Obamacare, is simpler than some people may give it credit for. The basic rule to remember is that everyone must carry Minimum Essential Coverage (MEC) or pay a penalty. Employers with 50 full-time employees or more are obligated to sponsor plans for their workers to help them meet this requirement.

How to Report RSUs or Stock Grants on Your Tax Return

Restricted stock units (RSUs) and stock grants are often used by companies to reward their employees with an investment in the company rather than with cash. As the name implies, RSUs have rules as to when they can be sold. Stock grants often carry restrictions as well. How your stock grant is delivered to you, and whether or not it is vested, are the key factors when determining tax treatment.

What is a Schedule Q Form?

The Internal Revenue Service (IRS) has two very different forms that go by the name Schedule Q. One of them is for people who participate in certain real estate investments; this is known as a Form 1066 Schedule Q. The other Schedule Q deals with employer benefit plans. It?s not something an individual taxpayer would normally have to deal with, though a small business owner might need it.

Incentive Stock Options

Some employers use Incentive Stock Options (ISOs) as a way to attract and retain employees. While ISOs can offer a valuable opportunity to participate in your company's growth and profits, there are tax implications you should be aware of. We'll help you understand ISOs and fill you in on important timetables that affect your tax liability, so you can optimize the value of your ISOs.

Add a Comment

*0 / 3000 Character Maximum

2 Comments

Filter by:
rheld6534

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
elendil3136

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