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by taxnick on November 11, 2008
Tax changes are expected since the elect of President-elect Barack Obama and high-net-worth individuals are doing what they can to limit the damage to their bank accounts.
During his campaign, Obama said he would cut taxes for middle-class workers and that no one earning less than $250,000 would experience a tax increase. But he also said that “the wealthiest 2 percent” would pay more as the Bush-era tax cuts expire and rates return to their previous higher levels.
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