In the current tax debate there is a more agreable ground. The Bush cuts put the current rates at 10% 15% 25% 28% 33% and 35%.
The Arguement is mainly focused on the 35% rate, to let it expire or not. If this bracket expires anyone making over 380K will pay 39%. This raises taxes on the rich it also raises taxes on many small business owners and people just a little well off.
The Fairness act in 2011 created an alternative. To create new tax brackets for millionares. Tho this bill was defeated, I believe it was the step in the right direction. To this end I believe a more agreeable tax bracket should be created.
example:
Tax rate Income
10% 0-9k
15% 9k-36k
20% 36k-70k
25% 70k-100k
28% 100k-200k
32% 200k-400k
35% 400k-1mil
38% 1mil-20mil
42% 20mil and higher



