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GOVERNMENT SPENDING Spending as a Share of the Economy ... A BALANCED BUDGET ... 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010

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14CHAPTER Taxes and Government Spending SECTION 1 WHAT ARE TAXES? Taxes are payments that people are required to pay to a local, state, or national government.

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