In 2009 there were approximately
137,900,000 tax returns that paid $870 Billion in taxes
1,400,000 tax returns with incomes in excess of $340,000. (Top 1%) They paid $318 Billion in taxes or 36.7% of all income taxes paid
6,900,000 tax returns with incomes in excess of $155,000. (Top 5%) They paid $508 Billion in taxes or 58.7% of all income taxes paid Source: Internal Revenue Service
The current annual federal budget deficit is $1,302 Billion http://www.usdebtclock.org/
If we DOUBLE the taxes of ALL incomes over $155,000 we still spend $794 Billion* dollars more than we take in.
We have a spending problem NOT a revenue problem. The politicians are distracting the uninformed or misinformed into a class war to hide their malfeasance.
ALL spending not specifically authorized by the Constitution must be eliminated.
VOTE ‘EM OUT ALL of them.