Lesson 8.0: Financing the Federal Government by https://padlet.com/nandi_patel/thho5p6qgd0a en-us 2018-05-05 14:52:47 UTC 2025-10-03 05:59:53 UTC hello@padlet.com How does the government raise and allocate money? nandi_patel https://padlet.com/nandi_patel/thho5p6qgd0a/wish/258225913 2018-05-05 14:54:26 UTC https://padlet.com/nandi_patel/thho5p6qgd0a/wish/258225913 Taxes! nandi_patel https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259500188 Taxes are the fundamental supplement for the majority of the government's actions. Forty-five percent of federal tax revenue comes from individuals’ personal income taxes and 39 percent comes from Social Security and Medicare withholdings. There are also many resources that are taxed such as: Food, alcohol, legal matters, such as fines, and much more. ]]> 2018-05-10 02:11:24 UTC https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259500188 nandi_patel https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259501306 2018-05-10 02:18:59 UTC https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259501306 what happens when the government runs out of money? nandi_patel https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259501835 "If the government spends more than it collects, as it has done in most recent years, it runs a budget deficit. To make up the difference, the government borrows money by having the Treasury Department issue securities in the form of bonds, notes, and treasury bills". (Chapter 21 Lesson 2).]]> 2018-05-10 02:23:12 UTC https://padlet.com/nandi_patel/thho5p6qgd0a/wish/259501835