Eli5 Why can’t the government just set aside money instead of deducting it from paychecks?

350 views

I was wondering why the government has to deduct taxes from us. Why can’t they set aside what they need to begin with? I think I don’t have an idea of how money truly moves…

In: 0

7 Answers

Anonymous 0 Comments

Can you word your question differently? What do you mean by setting aside?

The government needs money to operate and to offer services. They get money by taxing people. There are lots of taxes, but income is probably the most important one.

You are viewing 1 out of 7 answers, click here to view all answers.