What happens to tax dollars when they reach the Internal Revenue Service? Are they actually utilized to fund the government and then the deficit is negated by creation of treasury bonds, or do taxes go "Poof" and then treasuries totaling both taxation and deficit are created?
What happens to tax dollars when they reach the Internal Revenue Service? Are they actually utilized to fund the government and then the deficit is negated by creation of treasury bonds, or do taxes go "Poof" and then treasuries totaling both taxation and deficit are created?