Based on IRS tax return and Treasury Department data:
* 2009: For calendar year 2009, taking all the adjusted gross income of filers making $1 million or higher would have paid for 20.67% of all federal spending during calendar year 2009 – approximately 75 ½ days, or 2 ½ months.
* 2010: For calendar year 2010, taking all the adjusted gross income of filers making $1 million or higher would have paid for 24.11% of all federal spending during calendar year 2010 – approximately 88 days, or approximately nearly three months.
Year Total federal outlays Total AGI of all millionaires
2009 $3.52 trillion $726.91 billion
2010 $3.48 trillion $839.58 billion (preliminary)
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Three months... That's it. Yep, Obama has a solid plan. What a joke.