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Pay up you bitches!!!
Take a lookit this... we hit a new record...
https://www.foxnews.com/us/national-...es-31-trillion
So I'm not real smart, but about 335 million people in the USA, not counting Joe's illegals. Only about 43% of households pay income tax.
https://www.cnbc.com/2022/03/25/57pe...021-study.html
Figuring 2.5 people per household, no statistic, just a guess fresh out of T-Man's ass, that is about 134 million households that do pay taxes.
Divide $31 tril by 134 mil, carry the 6, take off both shoes, count twice, and ...
Every tax paying household owes $231343 and change...
Average household income is about $68000. Now if you take one third of that income to pay the national debt, after you paid all existing taxes, so the 1/3 extra tax went JUST TO THE NATIONAL DEBT, that means we are paying $22440 a year per tax paying household on the debt.
I am not smart enough to figure out interest, but for the sake of argument, if the gov balanced the budget today, and every taxpaying household threw in an extra $22440 per year, we would pay off the debt in 10.4 years.
Obviously this doesn't factor in corporate tax, inflation, or anything else.
I am just trying to put this in perspective, I am sure we all understand the severity and the GUARANTEED collapse of our country from a financial standpoint.
We passed the point of no financial return from the cliff once we hit about $7-10 trillion, IMHO.
I didn't say anything we don't ALL already know, but just to crunch the numbers a bit is staggering.
Thoughts...?
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The Following 2 Users Say Thank You to T-Man 1066 For This Useful Post:
Inor (10-04-2022),Prepared One (10-04-2022)
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