|At this point there is $3.439 in the system. The bank has $271.|
The current U.S. debt stands at approximately $18.15 trillion. I have often seen this figure stated in terms of debt per capita, but that’s not an overly helpful ratio because the government’s primary way to raise revenue to pay for debt and the interest on it is by taxing wage earners. Only about half the country is in the labor force, approximately 156.7 million people. That means there is almost $116,000 of U.S. debt per American worker!
When those thresholds were originally established in 1984, they were designed to include only a small number of higher-income taxpayers. But the thresholds weren’t indexed for inflation, and so over more than 30 years, the number of Americans affected by the provision has risen dramatically.