The Pubs get snookered every time they make an agreement with the arrogant bastard and his minions. Recall the last deal where the administration said it was agreeing to approx 355 billion reduction. After the deal was done, it was reported it was actually a cut in the hundred million range
Pubs should be pounding the administration daily to put the burden back on the administration to STOP SPENDING MONEY WE DO NOT HAVE! and come up with a plan to get the budget under control by cutting spending.
Frugal use of Air Force One would be a small symbolic gesture to start
Disposition of deficit | |||||||
155,490,000 | $ 1,600,000,000,000.00 | ||||||
Percentiles Ranked by AGI | AGI Threshold on Percentiles | Percentage of Federal Personal Income Tax Paid | Quantity of taxpayers | category's share of deficit | individual share of deficit | ||
Top 1% | $380,354 | 38.02 | 38.0 | 1 | 1,554,900 | $ 608,320,000,000.00 | $ 391,227.73 |
Top 5% | $159,619 | 58.72 | 20.7 | 4 | 6,219,600 | $ 331,200,000,000.00 | $ 53,251.01 |
Top 10% | $113,799 | 69.94 | 11.2 | 5 | 7,774,500 | $ 179,520,000,000.00 | $ 23,090.87 |
Top 25% | $67,280 | 86.34 | 16.4 | 15 | 23,323,500 | $ 262,400,000,000.00 | $ 11,250.46 |
Top 50% | $33,048 | 97.3 | 11.0 | 25 | 38,872,500 | $ 175,360,000,000.00 | $ 4,511.16 |
Bottom 50% | <$33,048 | 2.7 | 2.7 | 50 | 77,745,000 | $ 43,200,000,000.00 | $ 555.66 |
(Taxpayer breakdown by 2008 figures, applied to 2011 deficit and quantity of taxpayers) | |||||||