76% of your income taxes now go to interest on the national debt [VIDEO]

When it comes to the money the government is funneling to you through income taxes, most of it is getting dirty.

The most recent Treasury data showed that as the federal government climbs past a record $35 trillion national debt, only $1.1 trillion will be spent on interest payments this fiscal year.

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According to the reports: “Interest payments on the federal debt now account for 76 percent of all personal income taxes collected. This means that for every dollar Americans pay in income taxes, about 76 cents are intended to pay interest on the national debt”.

About 45%or nearly half of the federal government's revenue comes from personal income tax.

The “76%” statistic is from the latest data from June, which showed that the US Govt spent $140 billion in interest on Treasury bills and collected $185 billion in individual income taxes in the same month.

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