"Restructure their wealth" poor phrase. Income isn't only salary, you're getting stocks/options. Consultants, not available to the middle class, can optimize your income.

CoL increase maybe not a problem, but its still an increase, if you're trying to tax the rich, you've hit the wrong target.

After a certain rate, as taxes rise, revenue falls. Feds keep spending, when they realize projected income will fall short, the goal line moves from 400K to 200K, then 100K, etc.

We should lower taxes and close the 1000's of loopholes, I would bet revenue goes up.

And I learned a new word today, "wanton"!