A handy tool from Fox News that shows how much you and your family - based upon your income -are having absconded for redistribution by the Obama stimulus program.
From Fox News;
Enter your income for calculation.
Topic:Economic Stimulus
Total Allocated Cost:$862,000,000,000 *
In February 2009, President Obama signed the American Recovery and Reinvestment Act of 2009. In early 2009, the Congressional Budget Office estimated that the Recovery Act's combined spending and tax provisions would cost $787 billion. In early 2010, CBO updated its estimate of the cost of the Recovery Act. It now estimates that the Recovery Act will cost $75 billion more than originally estimated - CBO now anticipates that the 2009 Stimulus will increase deficits by $862 billion over ten years.
About Our Calculations
Relative Tax Burden: The share of the total federal income tax paid by everyone in each adjusted gross income group.
Average Taxpayer Share: FOXNews.com is projecting the share of a program's cost for one individual in each specified adjusted gross income category. The projections are based on many assumptions with respect to future income groups, future tax burdens, future federal revenues by source, and other details. The assumptions underlying these projections may be modified from time to time to reflect changed circumstances.
Note for Annual Income $250,000 and Above: The top income category, $250,000 or more, has no upper limit and includes extremely high-income individuals who raise the average share of program costs for most people in this category.
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