29 October 2010

How Many People Are Rich (Rerun)?

The President and most Democrats propose a net worth minimum of $3.5 million for the estate tax. How many people have a net worth of over $3.5 million? About 300,000 according to the I.R.S.

This means that 99.9% of the people in the United States would have net worths that would not subject them to the estate tax under this proposal.

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