Via the always wonderful American Thinker, hard math on what it would take to fund Obama’s collectivist utopia “How Much Taxation Would Fund Current Spending?”
“The data indicate that 17,446,537 tax returns showed an income over $100,000. These returns represented a total income of $3.765 trillion. Estimated 2012 spending comes in at $3.796 trillion…”
Of course, this assumes 0 change in human behavior… as all collectivist fantasies do.
It’s a must read.