Reform the Federal Income Tax System of the United States

For the past 30 years, our federal income tax system has rewarded the rich while placing a tough burden on the middle class. Today, the richest 400 Americans own more wealth than the bottom 150,000,000. Productivity is rising rapidly, but middle class wages have stagnated. I propose that we adopt a federal income tax system that rewards the rich for their hard work while also providing economic relief to the middle class. I am proposing an addition of a 70% income tax bracket on incomes higher than 15 million, 60% on incomes higher than 5 million, 50% on incomes higher than $405,100, and a retainment of all other income tax rates. We can invest this revenue into growing small businesses and fixing the educational system to make our economy & our workforce strong and competitive once again