Where does the money come from that is used to pay taxes?

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asked Oct 21, 2021 178k views

2 Answers

Rushabh Mehta · Answer 1 · 2021-10-24T01:24:35+0000

Answer:

The chief way the government gets the money it spends is through taxation. Figure 1 shows the relative sizes of sources of federal government tax revenues. Forty-five percent of federal tax revenue comes from individuals' personal income taxes. Another 39 percent comes from Social Security and Medicare withholdings.

Explanation:

Where does the money come from that is used to pay taxes?

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