Socialist Jan Schakowsky Introduces Bill To Raise Taxes For Wealthiest Americans

The Huffington Post reports:

Schakowsky's bill would create new tax brackets for earners making between $1 million and $1 billion annually, with tax rates starting at 45 percent with the millionth dollar and increasing on a sliding scale. The legislation would also tax capital gains and dividend income as ordinary income for those earning over $1 million in a given year.

So, if you live in a high income tax state like California or New York: Comrade Schakowsky wants government to confiscate over half your income!