[apex3stoker]

I couldn't find any solid proposal for social security tax, like not splitting between employer and employee or applying to long term capital gain. If it is implemented like you said, yes, it will push the highest marginal tax rate to above 60%.

If a person makes $1.2m paycheck over 6 year evenly, they have $200k paycheck per year. They are subject to about 23% of federal income tax, and about 7% of social security and medicare taxes, so the average tax rate is about 30%.