I've got a great article that I came across over the weekend. CNBC did a thorough analysis of where the wealthy folks live whom President Obama is targeting for tax hikes as prescribed by his budget for fiscal year 2010. The President's budget raises tax rates on those couples making over $250,000 a year and individuals making $200,000 a year. The article reports that it will impact about 3% of all U.S. Households.
Among those states that will be most affected by the President's tax hikes is Minnesota:
15. Minnesota% of Households Earning $200K : 3.8%
Total Households: 2,062,681
Households Earning $200K : 77,772
Median Income: $57,932
Election Results:
Obama: 54%
McCain: 44%
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