The key distinction here is between wealth and income. Most angel investors are funding startups from their existing wealth(i.e. funds from a previous exit) rat

The key distinction here is between wealth and income. Most angel investors are funding startups from their existing wealth(i.e. funds from a previous exit) rather than income. And any income they do get is probably taxed at the capital gains rate. As far as I know, Obama wants to raise taxes on income, not wealth.