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re: International finance guys...question about world debt
Posted on 10/12/17 at 1:07 pm to uway
Posted on 10/12/17 at 1:07 pm to uway
Projected future revenue for the U.S. is synonymous with future tax revenue.
Your tax revenue is based on the effective tax rate multiplied by your tax base. So the larger the U.S. tax base, the larger our future revenue, the safer our debt is.
Your tax revenue is based on the effective tax rate multiplied by your tax base. So the larger the U.S. tax base, the larger our future revenue, the safer our debt is.
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