Get an itemized receipt for your taxes

Rep. Jim Cooper, a Tennessee Democrat, has submitted legislation, suppported by members of both parties, to give all taxpayers a receipt showing where their money went.  People filing paper returns would get a paper receipt, and people filing electronically would get an electronic receipt.   It sounds like a good idea to me.

Click on An Itemized Taxpayer Receipt for 2010 to see Cooper’s calculation of what a typical taxpayer earning $50,000 a year got for his or her taxes.

The White House has put up a web site allowing taxpayers to calculate their own personal tax receipts. Click on Your 2010 Federal Taxpayer Receipt for the site.

Click on Cooper to Introduce Bipartisan Tax Receipt Bill for his press release on the bill.

Click on Jim Cooper’s pet issue for background.

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