I really wish we would get away from this line of thinking. For state and local governments, yes, your taxes are put into accounts and are then spent according to the budget.

For the federal government, no. Money that is paid in taxes is effectively eliminated. The total number of dollars that exist in circulation is reduced. When the federal government spends money, it is creating all new money. It can’t run out. It’s not your tax money that is being spent.

The treasury has an account at the FED called TGA[0] which is funded by tax payments and proceeds from new Treasuries issuance

https://en.wikipedia.org/wiki/Treasury_General_Account

> The total number of dollars that exist in circulation is reduced.

Not accurate. Dollars are a liabilities on the books of the Federal Reserve. Tax payments to the federal government only cause a liability shift from commercial banks’ reserves at the FED to the TGA, it doesn’t really change the net amount of dollars in circulation.

The most you could argue is that it momentarily reduces the net commercial banks’ liabilities (which economists call M*) until the Treasury distributes those dollars again to the broad economy