Even annually seizing 100% of all income earned over the $1 million threshold could not generate more than $8.9 trillion in additional revenues. Taxing the "rich" won't pay for politicians' promises.

Even annually seizing 100% of all income earned over the $1 million threshold could not generate more than $8.9 trillion in additional revenues. Taxing the "rich" won't pay for politicians' promises. https://t.co/ZAWIbIuKcl via @Brian_Riedl #Issues2020🇺🇸

— Manhattan Institute (@ManhattanInst) October 24, 2019