Tuesday, July 14, 2009

It's here - 5.4% surcharge on rich

The link: http://www.reuters.com/article/marketsNews/idUSWEN055320090714

Got buyer's remorse yet?

Now it's 5.4% not 5% and not 3%.

Let's see....1,000,000 x .054 = $54,000.

Remember this is a surtax, which means it's on top of what they're already being taxed.

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