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To: EBH
Well they will hurt much more if obama and the dims pull their wealth out from their evacuation ports. I'd bet the majority of those millionaires are dims.

LLS

6 posted on 11/01/2011 4:12:38 AM PDT by LibLieSlayer ("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
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To: LibLieSlayer

I found it interesting that they state we’ve lost 40% of the millionaires.

In my head I am equating to that meaning we’ve lost 40% of the wealth in the country! And 0bama is trying to promote the idea of taxing the rich is going to replace that loss of wealth?

We’ve lost 40% of the investing power in business.


7 posted on 11/01/2011 4:21:15 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: LibLieSlayer
More details here: http://www.daytondailynews.com/news/dayton-news/ohio-sees-sharp-drop-in-number-of-millionaires-1277179.html

So when taxable net gains fell to $263 billion in 2009 from $912 billion in 2007, the highest income earners were disproportionately impacted, according to IRS data.

“The amount of capital gains in the aggregate dropped a lot, and those are heavily received by high-income people,” Nunns said.


...the highest income earners were disproportionately impacted, according to IRS data.

The fact based on IRS data is the very people 0bama and Dems. try to demonize were the ones who were disproportionally impacted. Considering what they want to do with 'capital gains,' the IRS facts don't support it on the whole. In fact the facts reveal it is counter-intuitive.

8 posted on 11/01/2011 4:29:23 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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