Government revenues in 2008 came from the following taxes:
Individual income taxes -- $1.14 trillion; (IRS data is slightly different at $1.03 trillion)
Social insurance taxes -- $0.9 trillion; (earnings beyond $107,000 or so are not fully taxed for this)
Corporate income taxes -- $0.3 trillion; (think GE!)
Other -- $0.1 trillion; (think?)
Sales and excise taxes -- $0.06 trillion; (think gasoline)
Total -- $2.5 trillion. Not enough by a long shot, under Obama, Pelosi and Reid.
So whattayawannado? Raise taxes to pay for the new spending under these bums, or get rid of the bums?
So whattayawannado? Raise taxes to pay for the new spending under these bums, or get rid of the bums?
(source)