Monday, April 12, 2010

Where Does YOUR Tax Money Go?

It's pretty hard to comprehend billions, even trillions of dollars and how that relates to our own family. But now there is a Taxpayer Calculator available that can show you how much of your money goes where. For example, for someone earning $50,000 a year, their share of the Stimulus Bill is $3,783.26. Do you think you would have spent $3800 of your own money for what little you got out of it?

To find out how much of your taxes go for a variety of things, check it out at www.foxnews.com/yourmoney. That is where the calculator is. Simply type in your income and watch where YOUR tax dollars go.

Here is an interesting poll - when asked if taxes are too high, about right or too low, the results were:

Too High: 53%
About Right: 46%
Too Low: 2%

The reason this poll is so interesting - according to the IRS, 48% of the folks do not pay ANY taxes. And this poll shows that 48% of the folks have no problem with tax rates.

DUH! I would not have a problem with them, either, if I wasn't paying any.

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