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Taxing the rich: The record under Obama

How Obama plans to tax the rich

The White House has already revealed many of President Obama'sproposals to raise taxes on the rich that will be in his 2016 budget.

Among them: A plan to increase investment taxes and get rid of the so-called "trust fund loophole" in the estate tax.



Sure wish my yearly taxable income was high enough to have to pay 6% more in taxes every year. For me that'd be earning an extra $280,001 per year. I'd definitely pay that extra 6 additional cents to push me up to that tax bracket.



What is the all-time high for the effective tax rate of the 1% anyway?

I can't imagine we are very far off.



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