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erica [24]
2 years ago
11

What are four ways the government pay for good and services

Social Studies
1 answer:
ladessa [460]2 years ago
5 0

Answer:

  • The government primarily generates revenue through the imposition of taxes – individual income taxes, Social Security/Medicare taxes, and corporate taxes.
  • The government also generates revenue through issuing debt instruments such as Treasury bonds, Treasury bills, and Treasury notes – securities with varying rates of maturity.
  • One less traditional method of generating income is the imposition of the so-called “inflation tax,” when the Federal Reserve simply prints more money.

Explanation:

  • 45% comes from individual income taxes
  • 39% comes from Social Security and Medicare taxes
  • 12% comes from corporate income taxes
  • 4% comes from estate, gift, and other miscellaneous taxation
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