As a taxpayer, you have a right to
know how your government invests your tax payment, and that's why
President Obama created the Federal Taxpayer Receipt.
Want to compare how much of your contribution in taxes goes towards education, foreign aid, or veteran's benefits?
Just enter a few pieces of
information about your taxes, and the taxpayer receipt will give you a
customized breakdown. You'll see exactly how your money gets spent on
health care or national defense or the environment.
Go check it out.
For many millionaires, however, Tax
Day isn't looming. In 2009, 1,470 people who made more than $1 million
paid $0 in federal income tax.
And President Obama thinks that needs to change.
That's why he's pushing for a very
simple idea: Anyone who makes more than $1 million a year should pay at
least the same percentage of their income in taxes as middle class
families.
It's called the Buffett Rule, named
after the well-known billionaire who believes he shouldn't be paying a
lower tax rate than his secretary. If you want to learn more about the
taxes you pay and the Buffett Rule, go to WhiteHouse.gov:
P.S. -- President Obama recently talked about the thinking behind the taxpayer receipt. Hear what he had to say and calculate your own receipt.
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Saturday, April 7, 2012
YOUR FEDERAL TAXPAYER RECEIPT
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