US is likely to witness another debate in the name of a health care plan that is eyeing on the creation of government-run health system by levying a new tax on the top 1.2 percent of earners, which signifies families that earn more than $350,000 a year.

Even though, the plan would affect only 1.2% of the earners, yet it is expected to lift approximately $544 billion in the coming 10 years, covering more than half of the total expenses of the plan.

The health care bill has provisions to levy a 5.4% income tax "surcharge" on families earning more than $1 million a year.

Families with income worth more than $350,000 will have to pay 1% tax and those earn more than $500,000 will pay 1.5% tax. Obama has intentions to trim down some taxes enacted by the Bush administration.

Under the new health care plan, taxes would pull the top rate to 45%.

At present, the top marginal income tax rate is 35%.

However, the bill is feared to add to the deficit in case the revenue falls short.

Throughout the election campaign, Obama promised to raise taxes on those who earn more than $250,000. Now Obama is moving ahead to turn his promise into a reality.

Though, Obama broke his pledge that even the rich would not pay higher taxes than they used to pay in the 1990s.