Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.