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Who bears the burden of U.S. National Debt?

Who bears the burden of U.S. National Debt?

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Answer #1

Government debts are paid by the revenue the government earns from different sources which can be divided into tax and non-tax resources.

Tax resources of the government include the income tax, corporate tax and all the other direct and indirect way the government collects taxes from the general public.

Non Tax resource includes the government income form the interests paid by the other on loans given by the government. Public sector undertaking profits, and other income from other resources. Majority of the government income to pay back the debts come from the tax sources.

So, its the public of the US who bears the real burden of the national debts in form of higher taxes and costlier products (indirect taxes.)

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