(Forbes - U.S.)

President Obama has noted that his health care plan will "probably include some additional revenue from well-to-do people." The numbers that are being discussed in policy circles will increase marginal tax rates among the highest earners substantially.

The House version of the health care plan will place a 5.4% income surtax on the highest income earners, and this surtax, combined with the expiration of the Bush tax cuts, will raise marginal tax rates about 10 percentage points. This means that states with high state income tax rates, such as California and New York, will have combined federal-state marginal tax rates that will approach 60%.
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