In response to:

'Bait and Switch' Taxes

the Black Baron Wrote: Sep 15, 2012 12:17 PM
You've missed the point, chagins. Income taxes tax income, not net worth. Dr. Sowell's numbers are correct.
We have heard many times from President Barack Obama how he plans to raise taxes on "millionaires and billionaires," but not on the middle class. Apparently, if you don't happen to be a millionaire or billionaire, you don't have to worry.

But the numbers say otherwise -- and say so big time.

The actual tax increase plans being proposed by Obama do not start with people who have an income of a million dollars a year. They start with people with incomes of $250,000 and up.

That is more than most people make, but it...