How the US Tax System Works: Infographic

The Tax Day for filing taxes by individuals in the US is April 15th of each year. If the date falls on a weekend or a holiday it is adjusted accordingly. The taxes for 2023 is due on the 15th of next month. With that said, I came across the below infographic from Peterson Foundation that gives a brief overview of the US tax system.

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Source: Peter G.Peterson Foundation

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