How much do you pay in taxes each year? And what does that money go to pay for? Most people don’t know. For instance, how much of your money do you think goes toward Federal Highways each year? A couple thousand? A couple hundred? Well, if you make right around $34,000 per year, $68 of what you pay in taxes goes to federal highways.
But how would you know that since you never receive a breakdown of where your money is going? Ezra Klein of the Washington Post says why not give us a ‘receipt’ for our taxes. Read the article and let me know if you would appreciate getting a receipt or if it’s all the same to you?