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A bond is a formal secured debt contract to repay borrowed money with interest.

A tax levy is paid by an individual or a business to payoff back taxes, like wage garnishment, wage levy, bank levy. The IRS issues wage garnishments and bank levies on taxpayers who owe back taxes or have not filed their tax returns. When a tax levy is issued, the taxpayer has options and rights to resolve their tax problem and release or stop the levy.

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Q: Difference between bond issue vs tax levy?
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