The budget for 2016 calls for $1,627,837,000 of personal income tax. If you don’t want to raise payroll taxes (you might think it might hurt employment) then the $615,805,000 deficit is 37.8% of individual income tax.
And that increase is on half the population. So does that make the economic impact like 75.6%. I know, that isn’t logical.
I know, let’s soak the rich.
I am so cheery.