Each taxpayer would need to pay 10 BTC to get even with the US national debt
The United States national debt reached an all-time high of $33 trillion on September 18 and the collected taxes from all US taxpayer s would need to be close to 10 Bitcoin (BTC), in order to get even with the Treasury debts. In this context, data retrieved by Finbold from the US Debt Clock website shows an astonishing debt of $254,961 per US taxpayer — by dividing the total debt superior to $33 trillion by the number of individuals that were taxed in the country. Current numbers would mean that each taxpayer in the United States would need to pay an equivalent of 9.44 BTC, considering Bitcoin is priced at $27,000 by press time. Notably, the debt per taxpayer is also four times (4x) higher than the US average annual salary of $59,428. US National Debt stats. Source: usdebtclok.org At current prices, it would be impossible to pay all the US treasury investors using Bitcoin’s maximum supply of 21 million BTC, as the national debt would surpass it by 58 times for an equivale...