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TO NATIONAL, AND TECHNOLOGY EDITORS:
How Much Is Washington's Big Spending Costing YOU?
For media requests, contact Kim Cloidt at 202.725.7722 or kcloidt@independent.org.
OAKLAND, Calif., April 14, 2014 /PRNewswire-USNewswire/ -- To help
Americans see how their federal taxes are being spent, the Independent
Institute today is launching the free mobile MyGovCost App based on
the Government Cost Calculator website at MyGovCost.org. Available in
the Apple App Store for the iPhone and iPad, MyGovCost personalizes
how any American taxpayer's taxes are spent by the U.S. government in
2014 and over his/her lifetime.
"MyGovCost provides custom-made calculations that allow each
individual taxpayer to see exactly how his or her tax liability
relates to the $3.5 trillion in annual federal spending and the $17.6
trillion national debt," said Lawrence McQuillan, Director of the
Independent Institute's Center on Entrepreneurial Innovation. "Thanks
to MyGovCost, what used to be clouded in mystery is now intelligible,
quantified, individualized, and easily accessible just by tapping on
your iPhone or iPad."
By entering a person's age, income, and level of education,
MyGovCost's Government Cost Calculator:
-- Estimates any American's share of federal spending, federal taxes,
and national debt, utilizing the latest data available from key
government agencies
-- Shows how each American's tax dollars are spent on major program
categories, including Defense, Medicaid, Medicare, Social Security,
Interest on the Debt, Welfare, Environment, Education, totaling more
than a dozen program spending areas
-- Projects how much any American could have earned had he or she been
able to keep his or her income and invest it under a typical,
long-term investment scenario
Additionally, the MyGovCost App offers news, blogs, videos, and
articles from renowned scholars and other experts on runaway
government power, spending, debt, and related topics.
MyGovCost is a product of the Independent Institute, a nonprofit,
non-partisan, scholarly research and educational organization that
sponsors in-depth studies of critical social and economic issues. The
mission of the Independent Institute is to boldly advance peaceful,
prosperous and free societies grounded in a commitment to human worth
and dignity.
SOURCE Independent Institute
-0- 04/14/2014
/Web Site: http://www.independent.org
CO: Independent Institute
ST: California
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