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What is the man way that government gets money to run the government?

1 Answer

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Final answer:

The main way the government gets money to run the government is through taxes. They also borrow money by selling bonds.

Step-by-step explanation:

The main way that government gets money to run the government is through taxes. Taxes are a required payment to the government, and they are collected from individuals, businesses, and other entities. The government uses this tax revenue to fund various public services and programs, such as education, healthcare, infrastructure, and defense.

For example, at the federal level in the United States, the government raises revenue by taxing individual income and corporate earnings. They also collect revenue through sales taxes, customs and tariffs, and other sources. Additionally, governments can also borrow money by selling bonds to finance their spending. Bondholders are paid interest on the bonds, and the debt is gradually paid off through taxes collected over time.

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