We will soon have legislation proposed to make the maximum Tax rate for Americans set to Sixty percent. Everybody who makes more than 30,000 a year will pay Sixty percent on the amount over 30K. The States will be prohibited from taxing more than forty percent on income above 30K but could go up to that number to pay off the state deficits that they have funded with bond issuances that are coming due. We will be able to balance the budget within ten years at that rate and then pay down the debt thereafter. This is a fair Democratic solution. Everybody will be taxed at the same rate on their income above 30K. You gotta love Obama. He is a very fair President.