Friday, April 15, 2011

2010 Federal Taxpayer Receipt

In honor of April 15, the income tax deadline, an extra post.

Ever wonder where your tax dollars go? Now the government has its own "Federal Taxpayer Receipt" (click here) where you can insert the amount that you pay for Income Tax, Medicare, and Social Security and see how much you're paying each year for which program. If you are one of those that send out early and aren't sure of your numbers, they also have a few general income levels you can click on.

A married family with two children with an average income of $80,000 is paying $1,015.97 on Defense, $938.71 on Healthcare, and $185.42 on Education and Job Training. It's well worth the look over to calculate how much you are contributing to the programs you care about and to the ones you don't care for so much!

Happy Tax Day!

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