Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income Taxes Collected: Report
July 21 2024 - 9:30AM
The Daily Hodl
The vast majority of Americans’ income taxes are now being
swallowed up just to pay interest on the country’s national debt,
new numbers show. Economist E.J. Antoni reports that based on the
Fed’s June numbers, interest on the national debt is the equivalent
of 76% of all personal income taxes collected by the government.
“Interest […]
The post
Interest Payments on US National Debt Will Shatter
$1,140,000,000,000 This Year – Eating 76% of All Income Taxes
Collected: Report appeared first on The Daily Hodl.
...
Continue reading Interest Payments on US National
Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All
Income Taxes Collected: Report
The post
Interest Payments on US National Debt Will Shatter
$1,140,000,000,000 This Year – Eating 76% of All Income Taxes
Collected: Report appeared first on
The Daily Hodl.
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