Government Income - Unit 12

To ensure financial stability and fund public services

To compete with private businesses

To increase government power over citizens

To reduce the need for taxes

income taxes

sales taxes

lease of land

tariffs

The government must pay back money from bonds, but it does not need to repay taxes.

People buy bonds by their own choice, but the government requires people to pay taxes.

Revenue from bonds specifically funds the military, but revenue from taxes can go toward any purpose.

Only the federal government can sell bonds, but state and local governments can levy taxes.

excise taxes

corporate income taxes

Social Security and Medicare taxes

individual income taxes