Borrowing and the Federal Debt
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Borrowing and the Federal Debt
If federal revenues and government spending are equal in a given fiscal year, then the government has a balanced budget. If revenues are greater than spending, the result is a surplus. But if government spending is greater than tax collections, the result is a deficit. The federal government then must borrow money to fund its deficit spending.
Jun 4, 2015
Internal Revenue Service IRS Tax Tips
IRS Nationwide Tax Forum information | Internal Revenue Service
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17K views · 71 reactions | The U.S. Internal Revenue Service (IRS) is...
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17K views · 71 reactions | The U.S. Internal Revenue Service (IRS) is...
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Tax filing season kicks off on Monday as the U.S. Internal Revenue Service begins accepting completed tax forms. Americans can file anytime before April 15. The IRS said earlier this month that it expects more than 140 million individual tax returns to be filed by that deadline. Here’s what to know and some money-saving tips: https://abcnews.visitlink.me/uDgdOw | ABC News
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