42% of all income tax collected goes to interest payment on national debt
How can we look ourselves in the face, knowing that this is what we’re bequeathing to our children and grandchildren?
So far this year, 9 months thru the fiscal year, the US govt has collected $2.475 trillion in corporate and individual income taxes.
They have spent $1.052 trillion so far on interest payments. 3 months to go.
42% of all income taxes collected in 2026, paid for interest on the… pic.twitter.com/CcBCQTOY74
— Wall Street Mav (@WallStreetMav) July 13, 2026
