Economic Program | Idea Brief

A Taxpayer Receipt

by David Kendall and Jim Kessler

View_download_pdf Share
Font Size: aaa

For many Americans, the amount they pay in taxes is larger than any purchase they make during the year, but studies show they know almost nothing about where that money goes to. This contributes to ridiculous beliefs, like the view that 20% of government spending goes to foreign aid, for example. An electorate unschooled in basic budget facts is a major obstacle to controlling the nation’s deficit, not to mention addressing a host of economic and social problems. We suggest that everyone who files a tax return receive a “taxpayer receipt.” This receipt would tell them to the penny what their taxes paid for based on the amount they paid in federal income taxes and FICA.

Use our new Federal Tax Receipt calculator to see where your tax dollars are going.

Read about the tax receipt idea in The Washington Post


Free for re-use with attribution. Check out our Issuu library to find an embeddable link for your website or blog.

Back_to_top