[quote=flu]Ever wonder when politicians go after “rich” and attempt to tax “rich more”….somehow, they always leave out all the corporate tax loopholes…but instead go after the much lower hanging fruit, typical higher W2 wage earners (double income earners) with supplemental dividends/investment income that is slightly 1 step above middle class but certainly not “rich”, the ones that typically can’t dodge the tax bill through some sketchy slight of hand… Funny how that always seems to work…..[/quote]

This doesn’t do anything like that. Taxes on wages would be unaffected. Some of the supplemental income would be affected if it was capital gains. No change to taxes on dividends or interest for high wage earners. The biggest effect will be those that have big cap gains. The cap gain tax rate will still be more than 25% lower than on marginal earned income for those affected. There’s no good reason it should be any lower.