Obama Reaches Puberty
Well, at least is appears that he is growing balls…
(Posted without the facility of adding images, links, etc)
US economy: New Obama plan to tax wealthiest
US President Barack Obama is planning a higher minimum tax rate on the richest Americans to ensure they are taxed at the same rate as the less wealthy.
White House officials said Mr Obama would provide details of his proposal on Monday when he reveals his long-term plan to reduce the budget deficit.
Reports say the proposal is to be called the Buffett Rule, after the billionaire investor Warren Buffett.
Mr Buffett says loopholes mean the richest pay relatively less tax.
This is because earnings from investments are taxed at lower rates than wages.
The proposed new tax would affect Americans who earn more than $1m a year.
Source BBC News, read more on: http://www.bbc.co.uk/news/world-us-canada-14962769