News Report from the White House:
As a taxpayer, you have a right to know how your government invests your tax payment, and that's why President Barack Obama created the Federal Taxpayer Receipt.
Want to compare how much of your contribution in taxes goes towards education, foreign aid, or veteran's benefits?
Just enter a few pieces of information about your taxes, and the taxpayer receipt will give you a customized breakdown. You'll see exactly how your money gets spent on health care or national defense or the environment.
President Obama recently talked about the thinking behind the taxpayer receipt. Hear what he had to say and calculate your own receipt.