We Don't Have A Taxing Problem, We Have A Spending Problem
Believe it or not, revenues coming into the US Government last year were a record high of $3.25 trillion. Unfortunately, the government spent a record $3.68 trillion. This can't keep happening!
Our National Debt is at an astronomical $20 trillion, yet all we hear is cries for "pay their fair share" or "tax the rich", when in fact we've been doing just that for years. In fact, as you can see by the tables below, revenues in the last five years alone have risen from $2.30 trillion to $3.25 trillion. The problem is we keep spending way more than we are taking in!
Federal Revenues, in trillions (source = http://usgovernmentspending.com)...more