FOR THE FIRST TIME GOVERNMENT OFFERS TRUE TRANSPARENCY

American taxpayers would be able to go online and see exactly how their federal tax dollars are spent.

$25,000 income — single with no children

This assumes this family example contributes 2 percent of their wage income to a 401(k) or IRA, does not itemize, claims the Saver’s Credit, and Making Work Pay.

$35,000 income — single parent with one child

This assumes this family example contributes 2 percent of their wage income to a 401(k) or IRA, does not itemize, and claims the Saver’s Credit, as well as Making Work Pay, the EITC, and the Child Tax Credit.

$50,000 income — married with one child

This assumes this family contributes 2 percent of their wage income to a 401(k) or IRA, does not itemize, and claims the Saver's Credit, as well as the Making Work Pay and Child Tax Credits.

$60,000 income — single parent with one child

This assumes this family contributes 5 percent of their wage income to a 401(k) or IRA, does not itemize, and claims the Making Work Pay and Child Tax Credits.

$80,000 income — married with two children

This assumes this family contributes 5 percent of their wage income to a 401(k) or IRA, does not itemize, and claims the Making Work Pay and Child Tax Credits.

PROGRAMS & SERVICES

YOUR TAX PAYMENT

Social Security Tax

$1,550.00

Social Security Retirement, Survivors, and Disability Insurance

$1,550.00

Medicare Tax

$363.00

Medicare Hospital Insurance

$363.00

Income TaxExpand All Sub-CategoriesCollapse All Sub-Categories

% of Total Income
Tax Payment

$1,404.00

National Defense

26.3%

$369.25

Military personnel salaries and benefits

6.0%

$84.24

Ongoing operations, equipment, and supplies

10.5%

$147.42

Research, development, weapons, and construction

8.8%

$123.55

Atomic energy defense activities

0.7%

$9.83

Defense-related FBI activities and additional national defense

0.3%

$4.21

Health Care

24.3%

$341.17

Medicaid and Children's Health Insurance Program (CHIP)

10.7%

$150.23

Medicare doctor payments and prescription drug payments

10.3%

$144.61

Health research and food safety

1.5%

$21.06

Disease control and public health services

1.0%

$14.04

COBRA tax credit and additional health care activities

0.9%

$12.64

Job and Family Security

21.9%

$307.48

Unemployment insurance

4.4%

$61.78

Food and nutrition assistance

3.6%

$50.54

Housing assistance

2.2%

$30.89

Earned income, making work pay, and child tax credits

3.5%

$49.14

Supplemental Security Insurance

1.8%

$25.27

Federal military and civilian employee retirement and disability

4.6%

$64.58

Child care, foster care, and adoption support

0.6%

$8.42

Temporary Assistance for Needy Families

0.8%

$11.23

Railroad retirement and additional income security

0.5%

$7.02

Education and Job Training

4.8%

$67.39

Elementary, secondary, and vocational education

2.8%

$39.31

Student financial aid for college

0.8%

$11.23

Job training and employment services

0.4%

$5.62

Employment training for people with disabilities and additional education and job services

0.9%

$12.64

Veterans Benefits

4.1%

$57.56

Income and housing support

1.9%

$26.68

Health care

1.7%

$23.87

Education, training, and additional veterans benefits

0.5%

$7.02

Natural Resources, Energy and Environment

2.1%

$29.48

Water and land management

0.9%

$12.64

Energy supply and conservation

0.4%

$5.62

Pollution control and other natural resources, energy and environment

0.8%

$11.23

International Affairs

1.7%

$23.87

Development and humanitarian assistance

0.7%

$9.83

Security assistance

0.4%

$5.62

Foreign affairs, embassies, and additional international affairs

0.6%

$8.42

Science, Space, and Technology Programs

1.2%

$16.85

NASA

0.7%

$9.83

National Science Foundation, additional science research, and laboratories

0.5%

$7.02

Immigration, Law Enforcement and Administration of Justice

2.0%

$28.08

Agriculture

0.8%

$11.23

Community, Area, and Regional Development

0.5%

$7.02

Response to Natural Disasters

0.4%

$5.62

Additional Government Programs

2.4%

$33.70

Net Interest

7.4%

$103.90

TOTAL INCOME AND PAYROLL TAXES YOU PAID

$3,317.00

How the Federal Taxpayer Receipt Amounts are Calculated

Amounts in the Federal Taxpayer Receipt are based on the percentage of overall federal spending for each category in the Fiscal Year 2010.

Share your feedback about the receipt.

The Medicare and Social Security trust funds are funded primarily with dedicated payroll taxes. Because the amount you contribute to these trust funds is readily available on your W-2 form that you get from your employer, these tax payments are shown separately on the tax receipt. There are other key federal programs paid for with dedicated funding sources independent of federal income tax payments, such as highway and mass transit spending. If the cost of these programs exceeds the amount of funding, the difference covered by your tax dollars is shown on the tax receipt.

Even including revenue from all these sources, Federal Government spending has exceeded the revenue it collects since 2002. This shortfall between revenues and spending is known as the budget deficit, and in 2010 it was $1.293 trillion. Learn more about President Obama's plan to reduce the budget deficit at WhiteHouse.gov.

Organization of the Budget

The categories on the tax receipt are based on how the federal budget is organized. The budget is organized into 19 major functions according to the major purpose the spending serves — such as agriculture or national defense. Within these functions are more specific sub-functions. For example, in the Education, Training, Employment, and Social Services function, there are several sub-functions, including Higher Education. The full list of functions and sub-functions is available here.

In addition to the Taxpayer Receipt, the White House has also provided an online calculator to explain 2011 tax benefits you may receive from the bipartisan tax agreement made in December of 2010.

Your 2010 Federal Taxpayer Receipt

In his State of the Union Address, President Obama promised that this year, for the first time ever, American taxpayers would be able to go online and see exactly how their federal tax dollars are spent. Just enter a few pieces of information about your taxes, and the taxpayer receipt will give you a breakdown of how your tax dollars are spent on priorities like education, veterans benefits, or health care.

Can you imagine how different things would have been if during the Bush years with his unnecessary wars and the secrecy of funds allocation that took place if this would have been in place? The son of a bitch would never have been able to get away with trillions of dollars in deficit and everyone could have seen how the government was squandering our tax dollars.

SOURCE: http://www.whitehouse.gov/taxreceipt?utm_source=email108&utm_medium=image&utm_campaign=taxreceipt