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Day: June 29, 2017

The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government

The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government

November 29, 2024June 29, 2017 by Ellis Winningham

Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.

Categories Academic Tags Federal Reserve, MMT, Taxation, Treasury

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