As a taxpayer, you have a right to know how your government invests your tax payment, and that's why President Obama created the Federal Taxpayer Receipt.
Want to compare how much of your contribution in taxes goes towards education, foreign aid, or veteran's benefits?
Just enter a few pieces of information about your taxes, and the taxpayer receipt will give you a customized breakdown. You'll see exactly how your money gets spent on health care or national defense or the environment.
Go check it out.
For many millionaires, however, Tax Day isn't looming. In 2009, 1,470 people who made more than $1 million paid $0 in federal income tax.
And President Obama thinks that needs to change.
That's why he's pushing for a very simple idea: Anyone who makes more than $1 million a year should pay at least the same percentage of their income in taxes as middle class families.
It's called the Buffett Rule, named after the well-known billionaire who believes he shouldn't be paying a lower tax rate than his secretary. If you want to learn more about the taxes you pay and the Buffett Rule, go to WhiteHouse.gov:
WhiteHouse.gov/Buffett-Rule
P.S.
President Obama recently talked about the thinking behind the taxpayer receipt. Hear what he had to say and calculate your own receipt.
BUSINESS ONLINE CATALOG
