Everyone loves to complain about taxes. Now we can complain with much more specificity. Or maybe just satisfy our curiosity about where exactly all that money goes.
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The White House has launched an online taxpayer receipt calculator that lets you know, dollar by dollar, what your taxes paid for. As the administration puts it, “Just enter a few pieces of information about your taxes, and the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veterans benefits, or health care.”
An example: MSN reports that, according to the tool, a married couple with two children and an annual income of $80,000 would see three-fourths of their taxes distributed among the top three areas of federal spending: $1,016, or 26.3 percent, to national defense; $938, or 24.3 percent, to health care; and $846, or 21.9 percent, to “job and family security” (unemployment insurance, food stamps, etc.)
Will you try it out? Or is the only number you care about the one that represents your bank-account balance after all things tax related are said and done?
Check out the calculator at whitehouse.gov.
Read more at MSN.
In other news: Santorum Uses Langston Hughes-Inspired Campaign Slogan.
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