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Detailed text transcripts for TV channel - FOXNEWS - 20100414:11:46:00

although you might not know it looking at congress. so how do we make sense of these numbers? well, if you take a look at the taxpayer calculator, that s something we ve now put up on foxnews.com. let s take a look right now at the bill that costs about $100 billion. that s a bailout of a.i.g., general motors and others. if you type in your salary, it will show what percentage of the income pays for this program. in this case, it s 18% for your tax bracket and then this will break down your cost of the program for the individual taxpayer. in this case, a guy making $50,000 will pay $478 just for tarp. now, to see how this affects different taxpayers by bracket, let s look at a large chunk of the federal budget. in this case, anti-poverty and social welfare spending, food stamps, medicaid, public housing, cash assistance, 70 different programs that add up to about $647 billion. so if you look at all these

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Detailed text transcripts for TV channel - FOXNEWS - 20100413:19:41:00

different taxpayers, by bracket, let s look at a large chunk of the federal budge, food stamps, medicaid, public housing and cash assistance. they add up to $647 billion each year. now, for a person earning 15,000 or under, the programs cost $27 a year. that increasing to almost $3,000 for middle income tax filers and $70,000 for top wage earners. how do you find out what you pay per the individual programs? go to foxnews.com/your money and find out how much you are paying for different federal programs. because, shepard, it is all your money. william, great stuff. you should try out that calculator. more than 100,000 people already have. it s easy to do. go to foxnews.com/yourmoney.

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