The House health care bill announced today by Speaker Pelosi would impose "a tax equal to 5.4 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $1,000,000." For non-joint filers, that tax would be imposed at the $500,000 level. The tax is on page 337 of the 1990-page bill, in a section headed "surcharge on high-income individuals." It would take effect beginning in 2011. And it claims, miraculously, that the newly changed tax rate "shall not be treated as a change in a rate of tax for purposes of section 15 of the Internal Revenue Code of 1986." The top tax rate is already scheduled to increase to 39.6% from 35%, so the 5.4% tax would come on top of that, as well as on top of city and state income tax rates that already clear or approach 10% in some places.