. This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury. These b.... This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury. These brackets are somewhat distorted by the range of tax credits, deductions, and incentives the government offers, but the net effect is that the top income earners pay a greater portion of the overall income tax burden than do those at the lowest tax brackets.
government needed to borrow to pay its bills in 2016 was still in excess of $400 billion 29 . This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government...government needed to borrow to pay its bills in 2016 was still in excess of $400 billion 29 . This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury.
