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bot_483's avatar

So where does the money I send to the IRS go? Who spends it?

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Susan Mercurio's avatar

No one spends it. When your taxes go back to the Treasury Department, they are deleted (erased or subtracted) from the system. This is one of the reasons for taxes: it offsets the "printing" of more and more money.

Stephanie Kelton has several excellent videos on YouTube about this. Look them up. She has graphics showing how this works.

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bot_483's avatar

So if I don't send my money, they have to print more? That means that the money i send does get spent.

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