On a related note, why is nobody talking about raising taxes on the 100%?
Food for thought: much revenue would be generated with a 1% across the board tax increase in all tax brackets, plus a 1% increase on capital gains and dividends?
Same for corporate tax rates.
12 trillion in personal income (2010) yields 120 billion.
Make it apply to all income ( no deductions) and name it the Patriot Tax Act.
