Here’s something most people don’t seem to know: Federal taxes don’t fund federal spending.

Here’s what happens to the money that you send to the IRS: It goes ka-poof! Essentially destroyed. If you were sending in physical cash, they’d throw it into an incinerator.

Yeah, this blows people’s minds and seems just wrong at first glance, but a sovereign currency couldn’t really work any other way.

More details here.