Let’s put things in perspective here:
If the IRS taxed the 2010 profits of the 20 most profitable companies in the US at 100%, those revenues would only pay off 1.4% of the federal government’s debt of $15 Trillion. (Source: “CNNMoney, “20 Most Profitable Companies”).
Put another way: the IRS would have to confiscate the profits of those 20 companies (assuming those profits remained constant) for 71 years to pay off the federal government’s debt.
