Monday, April 15, 2013

Where our Federal Income Taxes Go...

Today, Monday, April 15th, 2013 is known affectionately as "Tax Day." All citizens of the United States who qualify in terms of earned income must report and file a tax return (or apply for an extension) by the end of today. The above graph, based on data gathered from the Office of Management and Budget, shows us where and how our tax dollars are used. 

You can find more detailed information soon, I think when the White House activates its "Your 2013 Federal Taxpayer Receipt" link, which they've provided to all of us for the last few years. You can see the 2012 information here: Your 2012 Federal Taxpayer Receipt.

I'm on record as saying we should, in general be paying higher taxes. Especially after we address the loopholes and subsidies that many of us enjoy to the point of exploitation. Sometimes good stuff costs money. And, yes, of course, we should continue to seek out and eliminate waste and fraud in government spending.

(We have not yet discussed this, but I suspect my partner Mr. Dickinson may feel differently. I look forward to discussing this in person with him later this week when Reasonable Conversation convenes its first ever staff meeting at a local watering hole while Tim visits the Buckeye State on other business.)

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