Only 109 million Americans pay federal income tax. The top 1% pay 40% of it, the top 10% pay 72%. Mike Milligan argues the $357,000 per taxpayer debt will eventually come due through taxes, required withdrawals from retirement accounts, or future policy changes.
Only about 109 million Americans out of 343 million actually pay federal income tax. That's roughly 32% of the population carrying the load for everyone. And it gets more concentrated from there. The top 1% of earners pay about 40% of all federal income taxes. The top 10% pay 72%. So when you hear politicians talk about the national debt in abstract terms, know this: The bill for that debt is going to land on the doorsteps of the people who earn, save, and invest. That's probably you. And if you've got money sitting in traditional 401s or IRAs, the government already has a claim on part of it. They just don't— they just haven't sent you the invoice yet, either in the form of required minimum distributions or something new that may come in the future.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
