Taxes

Thanks for your tax payment -- here's your receipt

April 15, 2011 at 2:39 PM ET

Curious how your tax dollars are being spent? The White House launched an easy-to-use calculator today that gives taxpayers a receipt for their 2010 federal taxes.

The tool allows you to enter your Social Security, Medicare and income tax, and then calculates how your dollars are distributed. If you don't have your tax information handy, or you're simply curious about how your neighbors fare, you can choose an income level and see how taxes are allotted.

According to the tool, a married couple with two children and an annual income of $80,000 would see three-fourths of their taxes distributed between the top three areas of federal spending: $1,016, or 26.3 percent, to national defense; $938, or 24.3 percent, to health care; and $846 ,or 21.9 percent, to "job and family security" (think unemployment insurance, food stamps, etc.).

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