in a few weeks back in Illinois we will get a property tax bill from the county assessor, and it will tell each of us who owns property in Williamson County, where I live, or in any other county in Illinois, and I suspect this is true across most parts of this country where property taxes are assessed and paid, it will tell us to the penny precisely what our property taxes get for us. It may very well tell us that out of the, let us say, $2,000 of property taxes that person might pay, that about $1,500 of that is going to our local schools. Maybe $50 of it is going to country law enforcement. Maybe $15 is going to the local airport authority for our airport. But it will be detailed so that we know precisely to the penny what every penny of our property taxes is getting for us as a taxpayer in that county. Thinking about that I thought, well, why do we not attempt to give the folks in this country some idea about what their particular Federal taxes are buying for them by their Federal Government.
Editor's note · Context
Discussing the need for transparency in federal tax expenditures compared to local property tax bills.
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