'Bait and Switch' Taxes

By Thomas Sowell - September 5, 2012

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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...

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Thomas Sowell

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