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Fun tax fact for the day

As of 1998, 32% of individual federal income taxes are needed in order to pay the interest on the national debt.

3 Responses to “Fun tax fact for the day”

  1. tgirsch Says:

    I guess it’s a good thing that budget deficits don’t in any way affect the national debt, then, huh?

    *ducks*

  2. SayUncle Says:

    I challenge you to show me where I said that. I said they were not necessarily related. Debt requires a willful act between two parties irregardless (*ducks*) of it’s ability to make money.

  3. tgirsch Says:

    I would even dispute the “not necessarily related” point, at least in the long haul. What I remain open on is whether or not the correlation between deficit and debt is 1:1. I can (barely) imagine some scenarios where it might not be.

Remember, I do this to entertain me, not you.

Uncle Pays the Bills

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