No one should have half of their earnings taken away. I don't care how much they make.
English
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It's this type of idiotic short-sighted thinking that has bankrupted our country. The wealthy save substantially more of their income than the middle and lower classes do. When you give the wealthy tax breaks that money that increased deficit has to come from somewhere, and inevitably that is the middle class. So while the wealthy prosper from tax breaks in the short term, the middle class and consumer spending die off, resulting in an extremely weak economy. Trickle down economics is bad for everybody.
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That same bracket now is 48% if I remember right. An extra 4% is a drop in the bucket to them.
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If you want, I am sure you can voluntarily pay to the government an additional %4 of your income. I doubt they would say no. It is always easier to take other peoples money..