FUTURE TAXPAYERS
The nation’s “general fertility rate,” defined as the number of births per 1,000 women between ages 15-44, was just 58.3 births in 2019, a record low rate for birth data that has been tracked nationally since 1909 or for the last 111 years. (Source: National Center for Health Statistics)
HALF-AND-HALF
The United States government has maintained financial records since 1789, i.e., for the last 231 years. As of 9/30/10, the US had reached a national debt of $13.56 trillion. As of 10/15/0, the US had amassed a national debt of $27.14 trillion. Thus, the government has accumulated more debt in the last 10 years ($13.58 trillion) than it had in its first 221 years ($13.56 trillion) (Source: Treasury Department)
AT THE MARGIN
The top marginal tax rate used in the payment of federal income taxes in 2020 is 37%. The top marginal tax rate was 70% in 1979, 77% in 1969 and 91% in 1963. (Source: Internal Revenue Services)
WE NEED ONE OF EACH
There are 213 vaccines and 319 treatments for the COVID-19 pandemic in the development stage as of Friday 10/16/20. None of the test vaccines or treatments has yet to receive FDA approval. (Source: Milken Institute)
