The Rich & Their "Fair Share"

So, the rich aren't paying their "fair share", you say?  Consider the following:

Percentage of 2010 total income received by top 1%: 15%

Percentage of 2010 total income tax paid by the top 1%: 39%

But the rich are pay much less than they use to, right?  In 1980, the tax rate was 70% - now its under 40%.  They're getting off easy now...

Percentage of total income tax paid by 1% in 1980: 17%

Percentage of total income tax paid by 1% in 2010: 39%

Yes, but you must be cherry picking dates to match the story you want to tell - this can't be true over the last 30 years...

Source: AEI

So what if their taxes have been increasing - we need that money to keep us from spending more than we take in. 

  

Total amount in income tax collected from 1% in 2010: $350 Billion

Total budget deficit in 2010: $1.3 Trillion

So we'd have to take nearly 3x more in taxes from the rich just to cover the deficit?  Whatever, they can afford it to pay more.  What if we took all their money...

Total income of top 1% in 2010: $1.69 Trillion

Total income of top 5% in 2010: $2.9 Trillion

Total income of top 10% in 2010: $3.86 Trillion

Total Federal Government Spending in 2010: $3.46 Trillion

Source: Link

So we'd need to confiscate the entire earnings of the top 10% of people (everyone who makes more than $113K/year) just to pay for our federal government spending?

Maybe I was looking at this wrong - is it possible we spend too much?  (Admittedly, this is an idealized final response, but one that is nearly unavoidable when confronted with the facts)