@WallStreetSilv
The US govt collects about $2.5 trillion per year in personal income taxes.
Of that about $1 trillion per year (40%) is being consumed by interest on the national debt.
Interest on the debt is growing as old cheap debt matures and gets refinanced at the new higher rates. Plus new debt added every year.
Within a few more years, at this pace, 100% of personal income taxes will be going to pay interest on the US national debt.
npub1j8…2xggp
2023-11-23 03:14:05
Author Public Key
npub1j865a35w8xy3xlrge4pgt4ujyae98untg6ecq0gwah7hhwlacessl2xggpSeen on
wss://relay.noswhere.comPublished at
2023-11-23 03:14:05Event JSON
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"content": "@WallStreetSilv\nThe US govt collects about $2.5 trillion per year in personal income taxes. \n\nOf that about $1 trillion per year (40%) is being consumed by interest on the national debt.\n\nInterest on the debt is growing as old cheap debt matures and gets refinanced at the new higher rates. Plus new debt added every year. \n\nWithin a few more years, at this pace, 100% of personal income taxes will be going to pay interest on the US national debt.",
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