Posted on 05/11/2005 9:13:37 AM PDT by MikeEdwards
Money and receiving an education are almost synonymous in this day and age. You certainly have to have one to have the other. But I wonder how many people really know how or what their individual tax dollars actually contribute to their own child's education.
In the 1999-2000 school year, the breakdown of tax dollars went something like this: Local and intermediate sources made up 43 cents of every dollar in revenue, state revenues comprised 50 cents, and the remaining 7 cents came from federal sources. (U.S. Education Spending: 1999-2000 http://www.policyalmanac.org/education/archive/doe_education_spending.shtml)
Here's the catch. Local, state, and federal dollars all come from the same place —you! When you think about it that way, the break down is pretty important because where you decide to live directly impacts the amount of money you spend on your child's local school district.
This understanding may have many implications for the discriminating tax payer. When the federal government increases the percentage of taxes that help fund education programs around the nation, you are in effect subsidizing the education of those who reside all across the country. The schools receiving the most funding will be those considered more in need of federal tax dollars or whose legislators are adept at getting "pork". . . . .
(Excerpt) Read more at canadafreepress.com ...
baloney. Bill Gates was a college dropout. all his degrees were obtained AFTER he became filthy rich.
most self--made millionaires have little education outside of high school.
"The schools receiving the most funding will be those.. whose legislators are adept at getting "pork"
Oh! "Pork"! I thought it said "Porked" :)
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