Do you want to be a billionaire? Great news! You can now be considered a billionaire by earning just $250,000 a year. That's right, earn 0.025% or 1/4000th of a billion dollars and President Obama will lump you together with the billionaires and charge you the highest tax rates!
When he's acting more moderately, President Obama will simply lump you in with the millionaires for making 25% (1/4th) of a million dollars.
Last time we checked, a millionaire was defined as someone with at least one million dollars and a billionaire was someone with at least one billion dollars. The majority of Americans who are "thousandaires" don't deserve to be lumped in with millionaires and billionaires, nor do they deserve tax hikes.
Luckily, President Obama's ridiculous proposal to hike taxes doesn't affect your tax filings/payments due to the IRS today, so have a happy Tax Day and hope that Congress will not allow him to damage the United States' economy with tax hikes that were previously rejected by the American people.
President Obama was failed by public education, most likely. That's why he thinks $250,000 = making billions.
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