We tax income from stocks and bonds at a much lower rate than income from work. The tax plan I released on Saturday confronts these issues head-on. It adds a 5 percent surtax on income over $5 million a year, bringing the top tax rate to 44.6 percent. It raises the corporate tax rate to 28 percent, from 21 percent, which is still competitive with other developed countries. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

Source: New York Times February 06, 2020 23:48 UTC