Income Tax Payers

As Scott A. Hodge of the Tax Foundation says:

IRS data shows that in 2007—the most recent data available—the top 1 percent of taxpayers paid 40.4 percent of the total income taxes collected by the federal government. This is the highest percentage in modern history. By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax reform act.

...(T)he top 1 percent is comprised of just 1.4 million taxpayers and they pay a larger share of the income tax burden now than the bottom 134 million taxpayers combined.

So...if you are so dependent upon the top one percent, and a recession occurs in which their incomes fall by 25%, just what does that do to your budget?

Seems to me that the rest of us should pay more taxes, or demand less from our overlords.

UPDATE: I guess this is what happens to your budget.