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It's that time of year again -- state and federal taxes have to be filed by the end of the day Tuesday. That leaves little time for those procrastinators who wait until the last moment to settle up with Uncle Sam.
As we ponder Tax Day, it's good to realize just how our tax dollars are being spent.
Currently, about 50% of the federal budget comes directly from personal income taxes. Another 36% comes from other payroll taxes such as social security, according to the Tax Policy Center.
And the federal budget is huge -- and growing. The fiscal 2023 budget is $6.2 trillion. President Joe Biden's proposed fiscal 2024 budget comes in at $6.9 trillion.
That's a more than 10% increase.
Tax time is always a good time to think about how we can work with our federal lawmakers to get government spending under control.
And while you're pondering how to do that, don't forget to file your taxes.