# Plain Language Summary: Debt Per Taxpayer Information Act

This bill requires the federal government to calculate and publicly share how much of the national debt belongs to each individual taxpayer. Think of it like dividing the total national debt by the number of people filing taxes to show what each person's "share" would be. Right now, the government tracks the total national debt, but this bill would make it standard practice to break that number down per taxpayer and include it in official budget documents.

The bill has two main parts. First, it requires the President's annual budget submission to Congress and the official budget resolution to include estimates of each taxpayer's pro rata share of both the total federal debt and the debt held by the public. These calculations would be provided for the previous year, current year, the upcoming year, and future years. Second, the bill requires that this per-taxpayer debt information be printed at the bottom of every employee's W-2 form (the tax document workers receive from their employers). Along with the individual debt share, the W-2 would also show total government revenue, spending, and the deficit for the most recent fiscal year.

The practical effect is that millions of American workers would see their calculated share of the national debt every time they receive their W-2 form. The bill specifies this information must be presented in plain language that average people can understand, and it must include a clear statement that these are informational figures only and don't represent any actual amount owed. Supporters of this bill likely believe showing taxpayers their individual share of the debt will make them more aware of federal spending and the national debt situation. Critics might argue it could be misleading since the debt isn't actually divided among taxpayers in any legal sense.

Debt Per Taxpayer Information Act

Arrington, Jodey C.

Debt Per Taxpayer Information Act&nbsp;This bill requires the President's budget submission and the concurrent budget resolution to provide an estimate of the pro rata amount for each taxpayer of the public debt. It also requires information relating to&nbsp;federal government revenue, outlays, and deficit and related information to be included on a taxpayers's W-2 form.&nbsp;&nbsp;&nbsp;