Re: Tax the rich! Tax the rich! How about we do math instead?
I <3 math so let's do math!
The net income of the 1% is 1.324 trillion
http://taxfoundation.org/article/summary-latest-federal-individual-income-tax-data-0
Thus, if they paid all income as taxes.... well we need to know the spending right?
We spend 3.8 trillion a year 'currently'.
Now I say currently because Obamacare's main cost hits in 2014. That is when the real costs come in and needs to be accounted for. Additionally Social Security is going to require more money, there is a likelyhood of an increase for Medicare/Medicaid, and Obama insists on another "Stimulus" of a trillion or so dollars.
You could take every after tax (they pay a hefty burden already) penny they earn and still not pay for your ideals.
Oh and lest you forget... you think we are not spending enough by far!!! You want more spending, tons more. And you think taxing the rich at any level will work.
You also seem to think they won't pass at least some of the costs to you. Hahaha, nice dream world!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)