So, for example, a guy making an adjusted gross income of $800,000 would see his tax bill increase from $200 K to $240 K. This "millionaires tax" on anyone making over $500 K is expected to pay for over half of the cost of the House Democrats' health bill.
Sounds good to me!
The House's new bill is solidifying opposition among millionaires, manufacturers and insurers.
By Brian Wingfield
October 29, 2009 | Forbes.com
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