Raise taxes

The current tax law renewed under Trump’s big bill means that a family of four can have $80,000 of income and pay zero income tax. This represents 53% of families. Couples with incomes of $750,000 up will pay the highest marginal tax rate of 37%. This does not include state income tax. This represents 1.4 million families. Raising taxes on the rich means these families. This group currently pays 40% of all income taxes which totaled one trillion dollars in 2025. If the top rate is raised to 50% this will bring in another $250 billion. Another way to raise revenue is to eliminate the capital gains tax and that would bring in $360 billion. This is money that goes mainly to wealthy people.