2012-05-30house.gov

He has a good point that it doesn't take much to runafoul of this, and as inflation chugs along, the bar will get lower and lower in real terms--``The bill was introduced in response to news reports about one of the founders of Facebook who might save millions of dollars of taxes by renouncing his U.S. citizenship.  But in their blind envy towards successful entrepreneurs, the bill's sponsors ignore the fact that they will ensnare many ordinary middle-class Americans who work hard, save and invest wisely, and benefit from rising home values.  These Americans may easily find themselves pushing past the $2 million mark by the time they retire, especially as inflation continues to seriously accelerate.''



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