Comment: Reagan showed this years ago with the Grace Commission.

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Reagan showed this years ago with the Grace Commission.

It was designed specifically to explain how the federal income tax is spent.

Their findings:

1/3 goes uncollected
1/3 lost to waste and inefficiancy of the government
1/3 to pay interest on the national debt (Meaning the Federal Reserve mostly I believe)

More specifically:
The report said that one-third of all income taxes are consumed by waste and inefficiency in the federal government, and another one-third escapes collection owing to the underground economy.

“With two thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments.

In other words, all individual income tax revenues are gone before one nickel is spent on the services [that] taxpayers expect from their government."

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul