The White House 2010 Federal Taxpayer Receipt - Where Does The Money Go?


To mark "Tax Day," April 18:

The White House website has just launched a "Federal Taxpayer Receipt" calculator that shows you where those federal tax dollars go.

As an example, I used amounts from the 2009 tax return submitted by President Obama that reported payment of $1,792,414 in federal taxes from a gross income of $5,505,409.

{Give it a try, entering the amounts from your 2010 return!}

The results:

Tax Receipt.jpg

Tax Receipt II.jpg

As you see, more than 50% of these dollars are allocated to national defense and health care. Will this ever change?

More like this