Comment

Comment by ahyattdev

> Tax dollars don't fund the government. The government funds the government. That's what "Fiat currency" means.

There was $4.9 trillion in revenue and $6.8 trillion in outlays in 2024 [1]. 95% of that revenue was from taxes. In spite of the high deficit, it remains a true statement that the federal government is funded by taxes as they account for the majority of funding.

[1]: https://www.cbo.gov/publication/61185

parent ahyattdev 10 months ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton