I've told you that Senator Max Baucus wants to raise taxes on the evil rich, and he wants to do it now. But it turns out that Baucus' bill will actually increase the income tax rate for some Americans who earn as little as $104,425 a year.

According to the Heritage Foundation, the legislation would raise rates on the top two income brackets from 33% to 36% and from 35% to 39.6%. These rates will affect all taxpayers who fall into these brackets, regardless of their filing status. In other words, taxpayers who earn as little as $104,425 would see their tax rates increase.

According to the IRS, "the second highest income bracket kicks in at an income level of $104,425 for a married person filing separately; $171,550 for someone filing as a single person; $190,200 for someone filing as a head of household; and $208,850 for a married couple filing jointly. Under Baucus' proposal, the tax rates for all these people would jump to 36 percent."

The highest income bracket kicks in at an income level of $186,475 for a married person filing separately; and $372,950 for all other filing statuses.

Unless Congress changes the income levels at which the top two tax rates kick in .. there are a lot of Americans who are going to see their income taxes increase. Big time.

I'm waiting for some Democrat to just go ahead and propose a confiscatory tax of somewhere around 90% on all Americans who are evil enough to earn over $500,000 a year. As soon as they can figure out a way to exempt Bono and Barbra they'll give it a go.