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More Than $900 of Your Tax Dollars Went to Corporate Military Contractors

This tax season, I'd rather fund green jobs and disease control than jets that spontaneously combust. Wouldn't you?

Most of us want our tax dollars to be wisely used—especially around tax time.

You've probably heard a lot about corporations not paying taxes. Last year, individuals like you contributed six times more in income tax than corporations did.

But have you heard about how many of your tax dollars then end up in corporate pockets? It's a lot—especially for corporations that contract with the Pentagon. They collect nearly half of all military spending.

The average taxpayer contributed about $2,000 to the military last year, according to a breakdown my colleagues and I prepared for the Institute for Policy Studies. More than $900 of that went to corporate military contractors.

In 2020, the largest Pentagon contractor, Lockheed Martin, took in $75 billion from taxpayers—and paid its CEO more than $23 million.