What would you think if your annual bill suddenly had an extra $8,100 in "debt interest tax"? This is not a fictional plot, but a reality facing American taxpayers.

Monthly trend chart of U.S. federal government debt | Source: ceicdata

The current size of the U.S. national debt has reached 35.5 trillion U.S. dollars! As the size of the U.S. national debt continues to expand, the U.S. has to pay as much as 1.2 trillion U.S. dollars in interest on the national debt each year.

💰 Where does this money come from? The answer is obvious. This money will eventually fall on the shoulders of the American taxpayers.