The present national debt stands around $29 trillion . At the moment, Congress is discussing raising the debt limit, opening up further discussions about the national debt and its overall impact on taxpayers and future generations.
Terence P. Jeffrey of CNS News , noted that 100,424,240 households filed a “taxable return” in 2018, which means they actually paid income taxes to the federal government. At the time Jeffrey wrote his article, the total debt stood at $28,908,004,857,445. When that debt was divided by the 100,424,240 American households that paid net income taxes in 2018, it averages roughly $287,859 per income-tax-paying […]
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