Comment by ahyattdev
2 days ago
> 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.
The money would be spent regardless of what is collected through taxes. It's not as though taxpayer money goes into a gigantic bag in the treasury, and then those same dollars get pulled out to fund public spending until the bag is empty.