Where Your Tax Dollars Go

y Mike Lillis 04/15/2008 08:47AM To celebrate tax season, the Center on Budget and Policy Priorities has compiled a nice summary of where your dollars go (or, more specifically, where they went last year.)

In brief, the federal government took in more than $2.5 trillion in tax revenues in fiscal 2007, and spent more than $2.7 trillion (the $162 billion difference represents the budget deficit, to be paid by your kids and grandkids).