You seem to understand taxes - those ongoing mandatory payments to the government.
A bond is a way for the government to borrow money. It's an IOU that's paid with interest.
When you vote for a bond you are saying that you agree for the government to accrue debt. They will use tax money to pay that debt off
You seem to understand taxes - those ongoing mandatory payments to the government.
A bond is a way for the government to borrow money. It's an IOU that's paid with interest.
When you vote for a bond you are saying that you agree for the government to accrue debt. They will use tax money to pay that debt off