US: Up to 95.2% Income Tax Rate Needed to Close Deficit in 2010

Obamanomics deficit spending is absolutely irresponsible and Barack Obama knows this:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

– Ron Paul

Barack Obama tripled George W. Bush’s deficit!

Change you can believe in!

– The Tax Foundation computes the income tax rates necessary to close the deficit:



November 2, 2009

Source: TaxProf Blog

2 thoughts on “US: Up to 95.2% Income Tax Rate Needed to Close Deficit in 2010”

  1. I would leave those companies alone. How about more tax for the banks, the weapons makers, the oil companies and the drug industry? I guess that would never happen in a ‘democracy’.


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