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> the overall tax revenue is roughly equal to government spending. Not even close - spending FAR outpaces tax revenues. That's what the federal deficit comes
by djrogers 10y ago
> the overall tax revenue is roughly equal to government spending.
Not even close - spending FAR outpaces tax revenues. That's what the federal deficit comes from. Last year we got about $1.20 in spending for every $1 in taxes collected.