@TokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world • 3 months agoHappy New Year!lemmy.worldimagemessage-square13fedilinkarrow-up1424arrow-down19file-text
arrow-up1415arrow-down1imageHappy New Year!lemmy.world@TokenBoomer@lemmy.worldM to Progressive Politics@lemmy.world • 3 months agomessage-square13fedilinkfile-text
minus-square@Viking_Hippie@lemmy.dbzer0.comlinkfedilink3•3 months agoThat’s not how a government budget works. It’s much more complicated that “number red or number black” like in a household budget. Taxes are what funds the government regardless of deficit reduction and lack thereof.
minus-square@Rivalarrival@lemmy.todaylinkfedilinkEnglish1•3 months agoIt is, indeed, much more complicated, but those complications cut both ways: It is not accurate to claim that the money paid to the IRS turns into paychecks. That idea is a ridiculous oversimplification.
That’s not how a government budget works. It’s much more complicated that “number red or number black” like in a household budget.
Taxes are what funds the government regardless of deficit reduction and lack thereof.
It is, indeed, much more complicated, but those complications cut both ways: It is not accurate to claim that the money paid to the IRS turns into paychecks. That idea is a ridiculous oversimplification.