Taxes
Categories: Tax, Accounting, Muni Bonds, Trusts and Estates
You've probably already figured out that it costs a lot of money to run a household. There are groceries to buy, leaky roofs to fix, and that cute cashmere throw to buy for the back of the sofa.
Take that, multiply it by a few billion, and you have an idea of how much it costs to run a country.
While the United States doesn't need to buy scented candles for the kitchen, it does need to pay for schools, police officers, jails, the military, and all the other services that we rely on every day.
And these costs can add up.
So where does the U.S. of A. get the money to pay for all this stuff? We hate to break it to you, but Uncle Sam doesn't head out to his job as a corporate CEO every day. Instead, he relies on your income and your taxes to pay for all the stuff that the government needs to keep running.
For all the deets, head over to our section devoted to taxes.