No politics in this post, just a few interesting facts:
2006 Federal Budget - $2.7 Trillion
Projected 2010 Budget - $4 Trillion
Number of filers earning more than $200,000 - 3.8 million
Taxes paid by filers earning more than $200,000 - $522 billion (62% of all income tax)
Taxes paid by filers earning the top 1% of income - $408 billion (40% of all income tax)
% of Income earned by the top 1 % of earners - 22%
Other interesting facts
In order to fund the 2010 budget projection ($4B), the government would have to take 100% of all taxable income from everyone earning more than $75,000.
President Obama promises not to raise taxes on anyone earning less than $250,000.
President Obama promises to cut the deficit in half by 2012.
(Sources IRS, Wall Street Journal, President Obama)