Yeah that is where the tax increases will stop.
Now we have fewer deductions and yet Dems want to return to the worst tax levels.
It all started with just 1 percent and a little class warfare.
https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States
Congress re-adopted the income tax in 1913, levying a 1% tax on net personal incomes above $3,000, with a 6%
surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000) to finance
World War I. The top marginal tax rate was reduced to 58% in 1922, to 25% in 1925, and finally to 24% in 1929. In 1932 the top marginal tax rate was increased to 63% during the
Great Depression and steadily increased.