Kinda, they reach a higher tier of taxes. For example, money above $200K is taxed at a higher rate than $1 to $200K. So their first $200K is taxed just like eve

Kinda, they reach a higher tier of taxes. For example, money above $200K is taxed at a higher rate than $1 to $200K. So their first $200K is taxed just like everyone else's money up to $200k. By taxing the rich, everyone means increasing the tax rate at the highest tiers.