40% of your paycheck for federal income taxes pays toward the staggering $1 trillion annual interest on the US debt.

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US govt:
~$5 trillion total rev all sources
~$2.5 trillion of that is personal income taxes
~$1 trillion annual interest on the debt.

This is crazy to think about. When you look at your paycheck info, and you see that amount taken out for Federal income taxes … 40% of it is… https://t.co/OCPDzSgYnR

— Wall Street Silver (@WallStreetSilv) December 6, 2023

BREAKING: Biden urges Congress to pass his national security funding bill whose money will go to Ukaine & Israel instead of actual national securitypic.twitter.com/3VU0nwGVoK

— Financelot (@FinanceLancelot) December 6, 2023

See also Rep. Buddy Carter Proposes Tax Overhaul with Fair Tax Act of 2025: A 23% National Sales Tax to Replace Income Taxes

See also Global corporate debt hits $7.93 trillion, despite low bond demand. The 'Titanic Bubble' we are in mirrors past overconfidence, with unsustainable market practices poised to collapse

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