Or is it?
Take a look at the IRS tax stats.
The most recent data from 2006 shows that the top 1% had taxable income of $1.79 trillion, just s smidge more than President Obama’s $1.75 trillion deficit. At first glance the solution seems to be simple – tax the rich 100%. The mathematical problem with that is that the President has already used over $400 billion of the $1790 billion to even get down to $1.75 trillion
Not even the rich make enough money to pay for President Obama’s spending.