property of churches and nonprofit organizations; and imposing taxes on carbon-based fuels.
One commenter even advocated a return to the sharply higher tax rates of the 1950s, when taxpayers in the top $400,000-plus bracket paid a breathtaking 84 percent of their income in federal income taxes. Because the wealthiest 1 percent of the population receives about a quarter of the nation's $12.5 trillion in personal income, Eisenhower-era tax rates would raise roughly $2.4 trillion in revenue — more than enough to wipe out the deficit, provided that those wealthiest Americans of all didn't flee to overseas tax havens.
On the other hand, a group of wealthy Americans who have dubbed themselves Patriotic Millionaires for Fiscal Strength have urged President Obama and congressional leaders to increase taxes on incomes of more than $1 million "for the fiscal health of our nation and the well-being of our fellow citizens."
Then there were the outside-the-box proposals that, depending on your point of view, could be seen as innovative, outlandish or something in between.
A few commenters suggested that the deficit could be erased by asking citizens to make voluntary donations. By our back-of-the-envelope