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by ahyattdev
172 days ago
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> Tax dollars don't fund the government. The government funds the government. That's what "Fiat currency" means. There was $4.9 trillion in revenue and $6.8 trillion in outlays in 2024 [1]. 95% of that revenue was from taxes. In spite of the high deficit, it remains a true statement that the federal government is funded by taxes as they account for the majority of funding. [1]: https://www.cbo.gov/publication/61185 |
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