Federal Income Tax Receipt 2012
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04/16/2012
The National Priorities Project has provided a report on our federal tax dollars at work.
“While you may not get a receipt from the IRS any time soon, National Priorities Project went ahead and wrote one up. This receipt shows where $2,654 in income taxes was spent by the government in fiscal 2011. That’s an estimate of the taxes paid by a single person earning around $30,000 annually.”
It should be noted that they do not include payroll taxes that are designated for Social Security and Medicare Trust Funds.
Still, it is an interesting way to present budget data.
Source: National Priorities Project: http://nationalpriorities.org/en/analysis/2012/taxday-2012/your-tax-receipt/
