New Obama plan to tax the rich
Jackie Calmes, New York Times, Sunday September 18, 2011, Washington
President Obama on Monday will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.
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RESPONSE : PIBI's FORMULA in RECESSION ;
1. 5o percent of weath of Billionairs should go to TREASURY after Death
2, 35 % percent Tax rate for all who are found affluent.
3, Tax (extra) depending on tummy -size i.e for every inch of tummy beyond the Chest size, @ half percent extra..
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