Robert Frank of the Wall Street Journal writes: "Obama has a new term for the people he wants to tax more: jet owners. ... The problem is that most of the people that would be subject to the higher taxes the president wants aren’t likely to be private-jet owners. Someone earning $250,000 a year—among those scheduled for a tax increase in 2012—is unlikely to afford a jet—or even a few charter trips on a jet."
Photo: flickr
http://blogs.wsj.com/wealth/2011/06/29/obama-calls-people-earning-250000-a-year-jet-owners/