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Marketplace Morning Report

Breaking down where all your federal tax dollars go

Marketplace Morning Report

Marketplace

Business, News

4.5927 Ratings

🗓️ 14 April 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

It's almost Tax Day. And while some of us may have waited till the last minute to do our taxes, the federal government sure won't be wasting any time spending them. This morning, we're unpacking how much of your tax bill goes toward services like defense, Social Security, health care, food assistance, the national debt, and more. Plus, there's been no net job creation over the last six months, which can make the economy more vulnerable.

Transcript

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0:00.0

This Marketplace podcast is supported by Fayree Drinker, one of the largest law firms in Minnesota,

0:06.4

with nearly 300 Minneapolis attorneys helping clients solve complex legal issues in meeting their goals in the Twin Cities and beyond,

0:15.2

Faygriddrinker.com.

0:18.2

Oh, the places your tax dollars will go. From Market. I'm Sabri Benishore in New York. The U.S. and Iran could go back to the negotiating table in Islamabad this week. That's according to Reuters. Meanwhile, on the first day of the U.S. blockade of Iranian ports in the Persian Gulf, a handful of ships did manage to transit the Strait of Hormuz.

0:39.0

Oil is at $98 a barrel.

0:41.2

Tomorrow is a big day for procrastinators.

0:44.9

It is tax day.

0:45.9

And while some of us may have waited till the last minute to do our taxes, the federal government sure won't be wasting any time spending them.

0:52.9

Marketplace of Samantha Fields has more on where your money is going.

0:56.9

In Dorothy Brown's experience, most people prefer not to even think about taxes.

1:01.5

April 15th comes around and be like, uh.

1:04.2

Brown teaches at Georgetown University Law School.

1:07.5

It's like I'm at a reception and somebody says, what are you doing? I go, I'm a tax

1:12.1

low professor and, you know, sometimes I could clear the room. Doing your taxes isn't exactly

1:16.8

popular either. When your W-2 comes and you see in black and white how much of your hard-earned salary

1:22.0

went straight to the government, it doesn't always feel great, especially if you're struggling

1:26.1

with your bills. But Brown says your

1:28.3

money does pay for critical things. It pays for Social Security. It pays for food stamps. It pays for

1:34.5

school lunches. It pays for science and medical research. That's why Elaine Mogg at the Urban

1:41.1

Brookings Tax Policy Center feels differently than most.

1:50.2

I'm excited to pay taxes. Really? She finds it exciting because of where her money's going,

1:55.7

like the nearly 23% that goes to Social Security. These are benefits we've promised to people.

...

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