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President Obama has this great idea to tax millionaires – his “Buffet/Buffett tax” — that is, getting those who actually earn $1,000,000 a year or more, not the poor strapped $100,000 middle or upper or whatever middle class you call them. Of course, the rich can afford fancier attorneys and CPA’s to toodle around income streams, and most obtain a lot of wealth from lower taxed investment earnings, which, I might add, stimulate the economy and create jobs.
Read more on How Washington, D.C. and the Banking Industry is Killing the Housing Market, Part I…