Friday, 24 October 2014 / TRUTH-OUT.ORG

Personalized Tax Receipt Shows Exactly How the Federal Government Spent Taxpayer Dollars

Thursday, 10 April 2014 11:29 By Jasmine Tucker, National Priorities Project | Press Release

Northampton, MA - Millions of Americans will file their federal income tax returns on April 15 with no idea what the government actually does with all that money.

That's why National Priorities Project (NPP) has unveiled the personalized tax receipt and state-by-state receipts for the average taxpayer in all 50 states and the District of Columbia, showing exactly how the federal government spent the income tax dollars it collected in 2013.

"Taxpayers might be surprised by how their tax dollars are allocated," said NPP's research analyst, Jasmine Tucker. "For example, 27 cents of every federal income tax dollar goes to the military, while just 2 cents goes to education."

Across the United States the average taxpayer paid $11,715 in 2013 federal income taxes. The military received $3,174 of that sum, while $237 went to education programs. $6.56 went to the National Forest System.

NPP's personalized tax receipt allows taxpayers to enter the exact amount they paid in taxes and receive a customized receipt showing where that money went.

The new analysis breaks down the tax receipt by how much was allocated to specific programs that Americans care about, such as job training and employment, the Children's Health Insurance Program, the Low Income Home Energy Assistance Program, and Pell Grants for college students.

NPP's state tax receipts also show the state with the highest average taxes paid (Connecticut, $18,988) and lowest (Mississippi, $7,402).

"This new analysis draws attention to some of the central budget issues facing our nation -- including military spending and health care costs," said Tucker. "Tax Day is a chance for Americans to see where their taxes are going, and to decide if Washington's priorities match up with their own priorities for our nation."

Additional Tax Day materials include a graphic illustrating how each federal income tax dollar was spent to the penny, and Taxes 101: The Seven Things You Must Know About Taxes.

Tax Day resources:

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Jasmine Tucker

Jasmine Tucker is the research analyst at the National Priorities Project where she plays a leading role in NPP's research effort. Her research interests include federal spending and tax policy, social insurance, and safety net programs, as well as military spending. Jasmine has been interviewed and cited for her research on the federal budget, social insurance and safety net programs, tax policy and more by local and national media, including MSNBC, The Wall Street Journal, Investment News, The Los Angeles Times, and NPR.


Hide Comments

blog comments powered by Disqus

Also on Truthout

GET DAILY TRUTHOUT UPDATES

FOLLOW togtorsstottofb


Personalized Tax Receipt Shows Exactly How the Federal Government Spent Taxpayer Dollars

Thursday, 10 April 2014 11:29 By Jasmine Tucker, National Priorities Project | Press Release

Northampton, MA - Millions of Americans will file their federal income tax returns on April 15 with no idea what the government actually does with all that money.

That's why National Priorities Project (NPP) has unveiled the personalized tax receipt and state-by-state receipts for the average taxpayer in all 50 states and the District of Columbia, showing exactly how the federal government spent the income tax dollars it collected in 2013.

"Taxpayers might be surprised by how their tax dollars are allocated," said NPP's research analyst, Jasmine Tucker. "For example, 27 cents of every federal income tax dollar goes to the military, while just 2 cents goes to education."

Across the United States the average taxpayer paid $11,715 in 2013 federal income taxes. The military received $3,174 of that sum, while $237 went to education programs. $6.56 went to the National Forest System.

NPP's personalized tax receipt allows taxpayers to enter the exact amount they paid in taxes and receive a customized receipt showing where that money went.

The new analysis breaks down the tax receipt by how much was allocated to specific programs that Americans care about, such as job training and employment, the Children's Health Insurance Program, the Low Income Home Energy Assistance Program, and Pell Grants for college students.

NPP's state tax receipts also show the state with the highest average taxes paid (Connecticut, $18,988) and lowest (Mississippi, $7,402).

"This new analysis draws attention to some of the central budget issues facing our nation -- including military spending and health care costs," said Tucker. "Tax Day is a chance for Americans to see where their taxes are going, and to decide if Washington's priorities match up with their own priorities for our nation."

Additional Tax Day materials include a graphic illustrating how each federal income tax dollar was spent to the penny, and Taxes 101: The Seven Things You Must Know About Taxes.

Tax Day resources:

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Jasmine Tucker

Jasmine Tucker is the research analyst at the National Priorities Project where she plays a leading role in NPP's research effort. Her research interests include federal spending and tax policy, social insurance, and safety net programs, as well as military spending. Jasmine has been interviewed and cited for her research on the federal budget, social insurance and safety net programs, tax policy and more by local and national media, including MSNBC, The Wall Street Journal, Investment News, The Los Angeles Times, and NPR.


Hide Comments

blog comments powered by Disqus