A budget deficit occurs when government receipts exceed government spending.
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Q3: One reason for the projected increase, over
Q4: An excise tax is a tax on
Q5: The government raises revenue through taxation to
Q6: The U.S. tax burden is high compared
Q7: Individual income taxes and social insurance taxes
Q9: A budget surplus occurs when government receipts
Q10: A family's tax liability is the amount
Q11: Individual income taxes generate roughly 25% of
Q12: Government spending is projected to rise over
Q13: The U.S. federal government collects about one-half
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