Wednesday, April 20, 2011

The Legacy of a Nation




This was shared with me so I pass it along to my blog colleagues, friends and family!

Go to this website and enter the amount you paid in Federal Taxes in 2010. See your “tax receipt” for how your tax dollars were spent. Be sure to “expand all” to see the detail in each category. Don’t forget to scroll to the bottom of the receipt to see your share of the federal debt.

For many Americans, the amount they pay in taxes is larger than any purchase they make during the year, but studies show they know almost nothing about where that money goes to. An electorate unschooled in basic budget facts is a major obstacle to controlling the nation’s deficit, not to mention addressing a host of economic and social problems. This website suggests that everyone who files a tax return receive a “taxpayer receipt.” This receipt would tell them to the penny what their taxes paid for based on the amount they paid in federal income taxes and FICA. It’s truly enlightening.

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