March 22, 2012
Some people think the federal government should give them a receipt for their income taxes to show where all that money went. While you may not get a receipt from the IRS any time soon, National Priorities Project went ahead and wrote one up.
This receipt shows where $2,654 in income taxes was spent by the government in fiscal 2011. That’s an estimate of the taxes paid by a single person earning around $30,000 annually.
To see exactly where your own taxes were spent, visit our Tax Receipt Calculator —Where Your Taxes Went.