Okay then, the top 10% - anyone making over $114K - Uncle Sam will now take all of your taxable income. What? We're still $600 Billion short of the budget. Awesomesauce.
Maybe we should spend less money.
Here's where it has to come from to mean anything:
- $732 Billion on Medicare, Medicaid and CHIP
- $707 Billion on Social Security
- $702 Billion on Defense and Security
- $496 Billion on "Safety Net" Programs aka "giving money to people"
- $196 Billion on interest payments