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Raising Money

June 5th, 2009

One of the easiest forms of government money is by a tax, or a money given in for something from you. Some words to know are:

Taxes- money given by people to help the government.

Taxable Income- The money left after taxes are taken out.

Dependent- A person who needs another to live, gives money back in taxes.

Withholding- Pays any tax before April 15.

Securities- Financial instruments like a bond or a or certificatopn.

National Debt- Money owed to another country from borrowing.

United States Government: Democracy in Action. Pages 555-559

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