Assuming your predictions on the elections are correct, the rich will actually pay less money, as higher tax rates will impede investment. Furthermore, many of the rich will simply leave, paying no taxes to the US in foreign residence. The nonpartisan congressional budget office estimates that deficits will go up in 2014, specifically if the affordable care act is implemented. Even so, assuming the $800m deficits , the United States will default on it's own interest payments by 2025 and The Republic of Texas will secede.