Is the United States Bankrupt?

So the US owes around $9,000,000,000,000. The US population is 300,000,000. That works out to $30,000 per person. If you borrowed that from a bank at 6% interest (home mortgage), that works about to about $1,800 per year, or $150 per month. Of course, the interest on the debt gets paid by income taxes, which do fall heavier on the rich because of the graduated tax rates.

For example, the US collected around 1,000,000,000,000 in income tax in 2006 and paid out 211,000,000,000 in interest. That is about 21 cents for every $1 of income tax. So, if someone paid $5,000 in federal income taxes that year, his share of the interest was $1050 or $87 per month. If someone else paid $50,000 in federal income taxes that year, her share of the interest was $10,500 or $875 per month.