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The USA's debt ceiling is currently $16.4 trillion (on 3/1/12). This self-imposed limit on our country's ability to borrow funds has been
increased by Congress 82 times since 1940, most recently in January 2012 (source:Congress).
In 1992, it took taxable income of $345,965 on a joint return to produce federal income tax of $100,000. Now 20 years later, it will take
2012 taxable income of $373,011 on a joint return to produce federal income tax of $100,000 (source: Tax Foundation).
(source:Housing and Urban Development).
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