Friday, March 4, 2011
Senators Introduce Taxpayer Receipt Act
Under this bipartisan legislation, every taxpayer who files an income tax return would receive an itemized receipt – similar to a grocery store receipt – from the IRS that lists where their payroll and income taxes are spent. The receipt would include key categories such as the interest on the national debt, Social Security, Medicare, Medicaid, national defense, education, veterans’ benefits, environmental protection, foreign aid – and, last but not least, Congress.
Taxpayers also would be directed to a website where they could get more detailed information on programs not included on the one-page receipt. Additionally, the receipt would provide taxpayers with the amount of debt per American – which currently is more than $45,000.
On the private sector front, Google is pushing a similar project its Data Viz Challenge showing people how their tax money is spent via WhatWePayFor.com.
- Accounting Today, Senators Introduce ‘Taxpayer Receipt’ Law
- Boston Globe editorial, Taxpayer Receipt: Show Us the Numbers
- The Hill, Senators Introduce Bill That Would Provide Detailed Tax Receipt
I'd rather they let me attach a checklist to my tax return to allocate my taxes to the programs that I support, and it wouldn't be the same as the 50% of the people whom Obama is using for his class warfare to spread the wealth. But, I'll take the "receipt" in the meantime.
Posted by: Woody | Mar 4, 2011 4:17:21 PM
Keep the receipt. Send us the cost of the new would be agency created to process, print and oversee the new law.
Posted by: Craig | Mar 4, 2011 4:04:23 PM
I like this
Posted by: firstname.lastname@example.org | Mar 5, 2011 9:26:18 AM