Deficit Coverage Analysis for 2011
Spending and Revenue
$3,600,000,000,000.00 US Federal Spending*
$1,211,000,000,000.00 Revenue NOT from Individuals and for Social Security and Medicare**
$1,091,500,000,000.00 Personal Income Tax Revenue**
$1,297,500,000,000.00 2011 US Budget Deficit*
Population
308,754,538 Total US Population in 2010
142,892,051 Individual Tax Filers in 2010***
This means that, if all US Citizens were asked to fund just the OVERSPENDING of the FEDERAL government in 2011, each of the 308,754,538 of us would have to pay $4,202.37. That's $4,202.37 MORE than we already paid in taxes (whatever that amount was) in 2011.
But it's not fair to tax people who didn't earn anything. So let's just go after those lucky people who had income in 2011. After all, they probably stole their job from someone else, so they deserve to pay more. That brings it down to 142,892,051 people each paying an additional $9,080.28.
But not everyone who has a job pays taxes. In fact 11%*** of tax filers in 2010 had a "negative" tax payment. That means they got more from government than they contributed. They must be in terrible shape, and it just wouldn't be right to expect them to contribute anything. So let's just add a little bit more to the tax bill of those greedy people who earn enough to pay some. That makes it 127,173,925 people each adding $10,202.56 to their tab.
But then, it takes a lot to run a household these days. Even though they make up to $50,000, let's let those 127 million Americans off the hook. After all, the real money makers are those silver spoon kids who went to college and make OVER $50k a year. Let's put the burden on them. That gets us to 48,583,297*** American tax filers in 2011. And each of them needs to shell out another $26,706.71 to pay for the DEFICIT (read "credit card") spending in 2011.
But that would take at least 25% of those people's income. And they've already paid a lot in taxes this year. So, let's just look at the people who make a LOT of money. If they made more than $100k in 2010, there's no doubt they did well. And there's no doubt a lot of other people suffered that year. Those high-earners need to pay more. So we take an additional $69,848.32 from each of the 18,575,967*** Americans who earned $100,000 or more.
But wait! That's more than half of their income! That would only leave them about $30,000 to pay for their Jaguars and yachts and mansions. And we know they already pay more taxes than Warren Buffet! We can't soak these people.
So let's get the "Super Rich". These are the people who make more than $200,000 each year. These are the greedy company owners and the cruel factory overseers. These are the people who take 20-day Hawaiian Island vacations. Heaven knows they can afford it! And Heaven knows they don't need it! If we move the overspending from just 2011 - just one little year of the Obama/Boehner Administration - to their backs, then those bastards would really get what's coming. We'd have 4,286,762 Americans - just 3%*** of us - bearing the burden of our lack of restraint to the tune of $302,676.04 EACH.
That's right.
They'd have to pay more each year than they earn.
And to help you out if you went to public school in California like I did, there are even fewer people who earn over $400,000 than there are who earn over $200,000 each year.
The math won't work. How about we just cut out $1.3 trillion from our expenses and call the budget balanced. Bill Clinton and Newt Gingrich did it in the 1990s. I'm not sure why the community organizer and the bar tender**** we have running this joint now can't figure it out.
*From www.usgovernmentspending.com
** From www.heritage.org
*** From www.taxfoundation.org
**** Thank you, Mark Levin
Spending and Revenue
$3,600,000,000,000.00 US Federal Spending*
$1,211,000,000,000.00 Revenue NOT from Individuals and for Social Security and Medicare**
$1,091,500,000,000.00 Personal Income Tax Revenue**
$1,297,500,000,000.00 2011 US Budget Deficit*
Population
308,754,538 Total US Population in 2010
142,892,051 Individual Tax Filers in 2010***
This means that, if all US Citizens were asked to fund just the OVERSPENDING of the FEDERAL government in 2011, each of the 308,754,538 of us would have to pay $4,202.37. That's $4,202.37 MORE than we already paid in taxes (whatever that amount was) in 2011.
But it's not fair to tax people who didn't earn anything. So let's just go after those lucky people who had income in 2011. After all, they probably stole their job from someone else, so they deserve to pay more. That brings it down to 142,892,051 people each paying an additional $9,080.28.
But not everyone who has a job pays taxes. In fact 11%*** of tax filers in 2010 had a "negative" tax payment. That means they got more from government than they contributed. They must be in terrible shape, and it just wouldn't be right to expect them to contribute anything. So let's just add a little bit more to the tax bill of those greedy people who earn enough to pay some. That makes it 127,173,925 people each adding $10,202.56 to their tab.
But then, it takes a lot to run a household these days. Even though they make up to $50,000, let's let those 127 million Americans off the hook. After all, the real money makers are those silver spoon kids who went to college and make OVER $50k a year. Let's put the burden on them. That gets us to 48,583,297*** American tax filers in 2011. And each of them needs to shell out another $26,706.71 to pay for the DEFICIT (read "credit card") spending in 2011.
But that would take at least 25% of those people's income. And they've already paid a lot in taxes this year. So, let's just look at the people who make a LOT of money. If they made more than $100k in 2010, there's no doubt they did well. And there's no doubt a lot of other people suffered that year. Those high-earners need to pay more. So we take an additional $69,848.32 from each of the 18,575,967*** Americans who earned $100,000 or more.
But wait! That's more than half of their income! That would only leave them about $30,000 to pay for their Jaguars and yachts and mansions. And we know they already pay more taxes than Warren Buffet! We can't soak these people.
So let's get the "Super Rich". These are the people who make more than $200,000 each year. These are the greedy company owners and the cruel factory overseers. These are the people who take 20-day Hawaiian Island vacations. Heaven knows they can afford it! And Heaven knows they don't need it! If we move the overspending from just 2011 - just one little year of the Obama/Boehner Administration - to their backs, then those bastards would really get what's coming. We'd have 4,286,762 Americans - just 3%*** of us - bearing the burden of our lack of restraint to the tune of $302,676.04 EACH.
That's right.
They'd have to pay more each year than they earn.
And to help you out if you went to public school in California like I did, there are even fewer people who earn over $400,000 than there are who earn over $200,000 each year.
The math won't work. How about we just cut out $1.3 trillion from our expenses and call the budget balanced. Bill Clinton and Newt Gingrich did it in the 1990s. I'm not sure why the community organizer and the bar tender**** we have running this joint now can't figure it out.
*From www.usgovernmentspending.com
** From www.heritage.org
*** From www.taxfoundation.org
**** Thank you, Mark Levin
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