The Obamanation

[Happy Monkey]

"Millionaire" is a measure of wealth, not income. Plenty of people making over $250K have over $1 million net worth.

But that's beside the point. The proposed millionaire tax is on income over $1 million. If someone with enough income over $1 million per year to care about the tax isn't a millionaire, then taxes aren't their problem.

[TheMercenary]

Originally Posted by Happy Monkey

"Millionaire" is a measure of wealth, not income. Plenty of people making over $250K have over $1 million net worth.

But that's beside the point. The proposed millionaire tax is on income over $1 million. If someone with enough income over $1 million per year to care about the tax isn't a millionaire, then taxes aren't their problem.

President Zero uses the term "the wealthy" at every chance he gets...

"A millionaire (originally and sometimes still millionnaire[1]) is an individual whose net worth or wealth is equal to or exceeds one million units of currency." wiki.

[TheMercenary]

Originally Posted by Happy Monkey

"Millionaire" is a measure of wealth, not income. Plenty of people making over $250K have over $1 million net worth.

How many? Does that include those who make over $1 million? Maybe that's what Zero is doing, guessing there are plenty of people who make over $250k are actually closet millionaires.