Friday, April 16, 2010

o'change - how's it treating you? TaxPayer Calculators (Remember in November)

FoxNews.com has been shrinking down the trillions of dollars America spends into numbers that make sense -- providing you with a way to look at your personal share of the nation's tax burden at http://www.foxnews.com/topics/politics/earmarks-and-wasteful-government-spending.htm :

Examples:
  • Fannie Mae, Freddie Mac

  • 2009 Economic Stimulus

  • Troubled Asset Relief Program

  • Military and Defense Spending

  • Transportation Spending

  • NASA's Constellation Moon Program

  • Tracking Your Taxes

  • Value-Added Tax



  • About The FoxNews Calculations:

    Relative Tax Burden: The share of the total federal income tax paid by everyone in each adjusted gross income group.

    Your Taxpayer Share: FOXNews.com is projecting the share of a program's cost for one individual in each specified adjusted gross income category. The projections are based on many assumptions with respect to future income groups, future tax burdens, future federal revenues by source, and other details. The assumptions underlying these projections may be modified from time to time to reflect changed circumstances.
    Note for Annual Income $250,000 and Above: The top income category, $250,000 or more, has no upper limit and includes extremely high-income individuals who raise the average share of program costs for most people in this category.
    More FoxNews Tax & Personal Financial Calculators are at http://www.foxbusiness.com/personal-finance/tools-and-calculators.html
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