The Obamanation

[Happy Monkey]

You just posted the proposed law. Did you read it?

`SEC. 59C. SURCHARGE ON HIGH INCOME INDIVIDUALS.

`(a) General Rule- In the case of a taxpayer other than a corporation, there is hereby imposed (in addition to any other tax imposed by this subtitle) a tax equal to--

`(1) 1 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $350,000 but does not exceed $500,000,

`(2) 1.5 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $500,000 but does not exceed $1,000,000, and

`(3) 5.4 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $1,000,000.

(edit)
The only people paying one cent would be people earning $350,001 exactly. With an income of $500,000, you'd pay $1500. With an income of $1,000,000, you'd pay $1500 + $7500 = $9000. For an income of over $1,000,000, subtract a million, take 5.4%, and add $9000.