In this year, almost all the income tax is consumed by interest in Medicare. And when we go out in time, it starts being the beyond. You start having 43.1% In nine budget years...43.1% of all income tax will go to Medicare and another 42.3 will just go to interest. And if you once again plug in all net interest, it's closer to 45, meaning in nine years all income tax, which is, remember we're an income tax based tax system here. (12:13–18:39)
CLAIM
Asserts that in nine years, 43.1% of income tax will fund Medicare and 42.3% will pay interest.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
