The Federal Receipt

The Federal Receipt

a Modest Proposal

 

I propose that there be a Federal Receipt. This Receipt is to be mailed to each taxpayer soon after April 15; detailing, for each taxpayer, both taxes received, and how much of those funds went to which federal program. It would look something like this:

 

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Dear Joe Blow:

We got from you:

Income tax:                  $ X

Social Secuity:             $ X

other taxes:                  $ X

total:                            $ X

 

We will spend that on:

Interest payments:       $ X

Social Security:           $ X

Medicare:                   $ X

Medicaid:                   $ X

DOD:                           $ X

... (many more) ...

Total:                            $ X

 

Difference = deficit:    $ X

 

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The spending receipt entries will equal total taxes taken, times respective fractions of the federal budget. How far to break it down is a matter of politics. Let’s say, just enough detail to cover a side of a page. No doubt the political parties will quarrel over details. The point is to clarify and demystify. Let the general public be more accurately aware of our nation’s true budgetary priorities. Such a receipt will, for instance, dispel the popular illusion that NASA or foreign aid are major programs in federal terms.