Wednesday, February 23, 2011

Government Cost Calculator

MyGovCost | Government Cost Calculator

I don't recommend this as a legitimate "Government Cost Calculator". For one thing it makes the assumption that your future income (and tax rate) will be "similar" to your current income. As I'm retiring in TWO months, that is plainly not so.

What it DOES do, is break your tax burden down into various categories: military, transportation, medicare/medicaid, etc. If they have been honest in their algorithm ... note that there's no reason to expect that they ARE honest, but let us give them the benefit of the doubt ... it may serve to provide some insight on what proportion of your taxes go to which program(s).

So take a look at it. I was surprised at the disproportionate ratio between, say, "Military" and "Education".

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