Okay, I visited my (slightly touched) neighbor lady yesterday, and she was ranting on about the tax code, and how

*"the 1% needs to pay their fair share!"* I am not going to try arguing with

*her* about it, (I would be nuts to try) but I was curious: How much does one have to make, in order to be considered the 'top 1%' of earners in the US?

What is the annual income of the top 1% of earners? I ask this, because she seems to think that if they would tax the wealthiest people, they could make everyone prosperous.

What tax rate would they have to levy against the '1%,' in order to fund the currrent $2 Trillion yearly defecit? Would it even be possible to pay for the current government spending with tax increases?

I would like to note, that she pays the maximum federal tax rate, as she gets

boatloads of money from natural gas wells on her property... And the amount she gets paid is less than 1/4 of what she was getting five years ago - so she was making $1 million+ back then.

Talk about shooting yourself in the foot!

I have no idea where to find the above information, so if anyone either knows it, or has a source, let me know.

Thanks.

Kaso