Higher Taxes? Rich Getting Ready for Clinton

Higher Taxes? Rich Getting Ready for Clinton
AP Photo/Julio Cortez, File

For wealthy Americans, a big win by Hillary Clinton on Nov. 8 could get pretty expensive.

Clinton is proposing higher taxes on Americans who make more than $250,000, including a 4 percent “fair share surcharge” on incomes over $5 million a year. She’s also trying to limit the ability of the rich to lower their tax bills through clever planning.

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