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Fear Mongering for Fear Mongers

86
sattv4u26/24/2011 11:27:32 am PDT

re: #75 iossarian

Definition of a “millionaire” is having a net worth over $1M. It has nothing to do with annual income.

In the ongoing debate over whether to use tax policy to help resolve the nation’s massive deficit, a single number has emerged from the crossfire: $250,000. It’s the annual income that President Barack Obama and others have used to define what it means to be “rich” in America today
money.msn.com