Friday, April 15, 2011

Where your money goes...

Good work from Democracy: The Journal of Ideas... The taxpayer calculator is an important tool...

"In the current issue of Democracy: A Journal of Ideas, Ethan Porter, former managing editor of Democracy, and David Kendall, senior fellow for health and fiscal policy at Third Way, introduced the idea of a taxpayer receipt: a personalized receipt that would show taxpayers where exactly their tax dollars went. Coinciding with the release of their article was the launch of Third Way's taxpayer receipt calculator, which allows taxpayers to enter their taxes to see where their money went.

Today, the White House embraced Porter and Kendall's idea, unveiling on its website its very own version of a taxpayer receipt. The receipt asks users to input their federal, Medicare, and Social Security taxes paid and automatically breaks down how those tax dollars were spent. The result: more informed taxpayers with a greater appreciation for where their money goes."

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