Tax Dollars Vanish: 76% of Income Tax Eaten by Ballooning $35 Trillion Debt, Data Shows

Economic data shows that a growing shar of Americans’ income tax is being devoured by the interest payments from the country’s ballooning national debt, which according to online trackers is now close to the $35 trillion mark. As Heritage economist E.J. Antoni pointed out on the microblogging platform X (formerly known as Twitter), interest payments […]