What are your taxes paying for?
Via NPR, I came across this think tank paper proposing that each year, taxpayers should get a receipt showing exactly where their tax dollars went. For example, if you paid $5,400 in federal taxes last year, $287.03 went to interest on the national debt (!), while less than a quarter went towards funding for the arts. Is that really in line with our national priorities?
I wonder how they would show the yearly budget deficit? “You paid $5,400, we spent $8,000”?
Here’s a sample receipt:
What a great idea! I would love to get one of these each year. This is easy & cheap for the government to do, – it could be done online for all taxpayers. Instead, the government just expects us to pay a several thousand dollar bill each year without an itemized receipt! The public would become more informed about where our money is spent, and we’d really understand what needs to happen for us to eliminate the deficit. This information is available to anyone who seeks it out – but shouldn’t it be automatic? Or is the government better off if we don’t really understand the issues?