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individual income taxes
A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
This statement is true. Deficit spending is the spending of more than the government takes in.Ê This is a fairly common practice.
corporate income taxesindividual income taxessales taxproperty tax
2001thru2012
The federal government purchases exceed net taxes.
a balanced budget
because expenditures exceed revenues, currently by about $1 trillion/year
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
A deficit.
yee haw!
There is a federal budget deficit.
The only way the federal government can lower taxes without contributing to a greater deficit is by cutting spending as well. This may either cause an increase in federal revenues through increased taxable income in a growing economy or have little to no effect in stimulating economic growth. The other way to stimulate the economy without increasing the deficit is eliminating regulations that create hurdles to businesses starting up and growing.
individual income taxes
The federal government issues bonds, along with short-term notes, for the expenditures required to operate the federal government and to pay off debt that is maturing.
Increase federal expenditures
a federal budget deficit