Why wouldn't this job producing tax structure work?

This is my own idea so it will need some tweaking.

Tax all income over $20.0m per year at 90%. BUT provide for a $1.50 for $1 tax credit for new jobs created with the same income. The job cost must be $100k each or more - no Walmart wages. $5.0 m per $10.0 m is the max.

Bill has $30.0m in income. He will pay $9.00m in taxes on his last $10.0m in income. But, he creates 50 $100k jobs (the max per 10.0m in income) and gets to exempt $1.50 for each $1.00, or $7.50 m.

So, instead of paying $9.0 m, he spends $5.0 m for jobs, keeps the $2.50 m (on the $1.50 for each $1.00), then pays 90% on the remaining $2.50 m (allowing him to keep another $250k.

2.75m v. 1.00 m in your pocket, plus fifty jobs created/

This is much better than the trickle down garbage.

You get to keep some money (more than enough) and jobs are created.