News In Brief

An itemized list of what your taxes pay for

Kai Ryssdal Oct 1, 2010

This final note today, toward a more consumer friendly Internal Revenue Service, perhaps The left-leaning think tank Third Way has a new policy paper out. It says we ought to get a receipt from the government when we pay our taxes.

You go to the store, you get an itemized receipt for eggs and toilet paper and whatnot , right? Third Way has mocked up the receipt for a person making about $35,000 a year. Among the specifics: $229 to pay for the wars in Iraq and Afghanistan, $1,040 for Social Security.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.