I'm curious, in what sense is it insignificant? Quoting from (likely faulty) memory, 30% of federal budget comes from income tax directly, and the another 20% o

I'm curious, in what sense is it insignificant? Quoting from (likely faulty) memory, 30% of federal budget comes from income tax directly, and the another 20% or so is covered by employer associated employment taxes. So out of that $11bn a day, Americans pay in $6.5bn every day. If we were to adequately tax the 0.01%, the budget would feel the difference.