Imposing An Increased Tax On Individuals Who Can Afford It Would Create Great Revenue

Restore the Top Tax Rates

Revenue potential: $700 billion over 10 years

Those of us with taxable incomes over $200,000 (individuals) or $250,000 (households) would see a minimal tax increase—from 35% to 39.6%, a rate still far lower than the one under President Reagan—but the increased revenue would raise an estimated $700 billion over the next decade. This would affect a very small fraction of U.S. taxpayers—about 2.5 percent.

  Restore the Top Tax Rates. Wealth For the Common Good, 2010. Web. 17 Nov. 2011.