Comment: Excellent

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In reply to comment: 100% income tax to debt (see in situ)


If my original source is mistaken, then I will update my statement.

Can you clarify a couple of points. What year?

Total income tax revenue is $1.3 trillion.

$260 billion goes to interest payments on the national debt. (year & percentage rate?)

How much goes to paying Social Security, Medicare, Medicaid etc benefits that year? (are unfunded liabilities so-called transfer payments?)

How much does it cost to collect the $1.3 trillion?

A $4 Trillion budget for the next FY still exceeds revenues.

Free includes debt-free!