Archive for the ‘debt’ Category

How Much Does Government Cost You?

Posted on: September 17th, 2010 by admin

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Thanks to our friends at the Independent Institute out in Oakland, California, regular folks like us can figure out just how much the government is costing us in direct payments and in lost earnings over our lifetime.  From the About Page on the MyGovCost website,

The Government Cost Calculator is a unique service from The Independent Institute that enables any American to clearly understand three aspects of federal government spending.First, the Government Cost Calculator helps you determine how much you will pay for various federal programs now and over the course of a lifetime. Second, it compares those tax payments to the forgone earnings that would have been possible if such funds were kept and invested in private, market accounts. Finally, the Government Cost Calculator enables you to see the difference between government expenditures and your tax payments, clearly illustrating the growing debt obligations you face in the future.

All you have to do is input your education, age, and income into the Government Cost Calculator and you will get results that accurately reflect how much our overbearing government costs YOU!