Total US govt revenue is about $5 trillion per year from all sources.
— Wall Street Silver (@WallStreetSilv) August 4, 2023
Personal income taxes are about 42% of the total, so around $2.1 trillion.
So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt.
So roughly 1/2 of all personal income taxes collected by the US govt is going to pay interest on the $33 trillion national debt.
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