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Business, 26.11.2019 23:31 meaghan18

As of 2011, the federal government financed most of its outlays with individual income taxes and social insurance taxes. federal taxes as a percentage of gdp were lower in 2011 than they were in 1970. income security, such as social security and medicare, were the largest category of federal government spending in 2011. total state and local government expenditures represented less than 5% of gdp in 2011.

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