Bank Magic Visiting Author Announcement

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On  Thursday, December 20, 2018 at 5:15 pm, the Town of Pelham Public Library is hosting TaxAssurances’ Founder & book author, Kolonji Murray.  While there, he will read from his book, “Bank Magic: Financial Literacy for Young People.”

In reflecting on the opportunity Mr. Murray commented that, “this is a great opportunity to engage young people and families around good money management early on.”

The event is scheduled for 45 minutes.

About The Pelham Public Library

The Town of Pelham Public Library serves the information, educational, and cultural needs of the residents of the Town of Pelham, which comprises the Villages of Pelham and Pelham Manor in southern Westchester County. In addition to the library’s holdings of nearly 43,000 books, audio and video recordings, and other materials, library users have access through interlibrary loans to more than 6.1 million items held by the member libraries of the Westchester Library System and over 7.3 million items including electronic materials. In 2015, the library circulated over 105,000 items and held more than 319 programs for children and adults. The library supports the principles of intellectual freedom and the public’s right to know by providing access to information, collections and services that reflect diverse points of view.

Mission Statement

The Town of Pelham Public Library serves the people of Pelham and Westchester County by providing books, materials, information and library services to meet their interests and needs. The Library strives to provide excellent library services and programs which work in concert with other cultural and educational institutions in the Town of Pelham. The Town of Pelham Public Library supports the principles of intellectual freedom and the public’s right to know, by providing people of all ages and abilities, and from all backgrounds, with access and guidance to information, collections and services that reflect diverse points of view.

For more on TaxAssurances, check out our reviews, photos and links on Yelp.

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Dear Cardi B, Here’s How The Government Spent Your Tax Money Last Year

A few months back, entertainer Cardi B wanted to know where the money went for all the taxes she paid. Well, here’s a breakdown of how it was spent.

From October 2017 – September 2018, the federal government spent $4.1 Trillion to pay its bills. Here’s how much of it was spent:

Medicare/Medicaid (Dept. of Health & Human Services)  – $1.1 Trillion

Social Security  – $1 Trillion

Dept. of Defense  – $601 Billion

Dept. of Treasury INTEREST ONLY on our Debt – $522 Billion

Those four “items” alone account for roughly $.79 for every $1 spent by the federal government.

The other roughly $.21 combined spending goes for everything else including Education, Veterans, Homeland Security, Housing & Urban Development, Transportation, Energy, Agriculture, Environmental Protection.

Income

The federal government collected $3.3 Trillion from taxpayers like Cardi and the rest of us.

Here’s the full Department of Treasury report for both expenses and income.  

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It’s also worth keeping in mind, that like last year, over the years the government has borrowed a lot of money to pay its bill. Right now the government owes (national debt) over $21.6 Trillion.

Here is a real time total of what the federal government owes and who it owes it to.

Here’s how much the national debt has grown since 2000:

So there you go Cardi. That’s what the government did with your money last year.

*Source: Department of Treasury, “The Monthly Treasury Statement of Receipts and Outlays of the United States Government” report.

For more on TaxAssurances, check out our reviews, photos and links on Yelp.