Tuesday, September 20, 2011

re. the president's tax proposal. "millionaire's tax" misnomer

it's NOT a "millionaire's tax".

it's a million-A-YEAR-onaire's tax.

if you have a million in money or assets it doesn't apply to you.

if you earn a million A YEAR it does.

i'm afraid it won't go over, or will cost the president politically, if older people on fixed incomes who have homes and savings think they're going to get a tax increase.  i fear this is the kind of misinformation we can expect from those who oppose tax equality.
surely someone on mitch mcconnell's staff coined  this phrase, hoping to frighten the elderly?

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