A 25% Top Rate:
- Bloomberg, Camp Suggests Lowering Top Individual, Corporate Tax Rates to 25%
- Future of Capitalism, A 25% Top Tax Rate
- Wall Street Journal, Tax Plan Aims for 25% Cap
A 49% Top Rate:
The Fairness in Taxation Act enacts new tax brackets for income starting at $1 million and ends with a $1 billion bracket. The new brackets would be:
- $1-10 million: 45%
- $10-20 million: 46%
- $20-100 million: 47%
- $100 million to $1 billion: 48%
- $1 billion and over: 49%
The bill would also tax capital gains and dividend income as ordinary income for those taxpayers with income over $1 million.
- Bloomberg, Higher Tax on Millionaires Proposed in Congress as Deficit Fix
- CBS News, Democrats Propose New Tax Brackets for Millionaires, Billionaires
- The Hill, Dems Push for Tax Hike on Wealthy
- Huffington Post, Jan Schakowsky Introduces Bill To Raise Taxes For Wealthiest Americans
- Political Affairs, Tax the Rich: Democrats Introduce Deficit-cutting Bill




