US govt collected $120 billion from individual income taxes.
from: Wall Street Silver – https://twitter.com/WallStreetSilv/status/1767626651213426979
” This is an amazing number to watch in the next few years. Individual income taxes are about 1/2 of the govt revenue. For February, the US govt collected $120 billion from individual income taxes. They had to spend $76 billion in February to pay interest on the nation debt.
We are not that far off from a day when 100% of individual income taxes are going to be required to pay for interest on the debt.”
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