Direct the IRS to add three aditional income tax brackets set at the $1million, $10million and $100million income levels.
Why is this important?
To facilitate raising taxes on the super-rich we should add three new income tax brackets with higher rates set at to $1million, $10million and $100million annual income levels. Currently we tax $100,000,000+ earners with the same tax rate as $250,000 earners which makes raising taxes on the super-high earners difficult.
