Shocking stat of the day May 2026 govt data showed 81% of all individual and corporate income taxes went to paying interest on the national debt. Full year of 2026, the US govt estimates 43% of individual and corporate incomes taxes will go to interest on the national debt. Most of government spending for defense, and all of the various agencies, is funded by new debt. Because most of the tax revenue now has to go to interest payments first before anything else is paid.(Wall Street Mav)