Not All Millionaires Are The Same: Wealth Vs. Income

The national Tax Foundation got into a bit of a blogging bout with Gov. Martin O’Malley’s office Tuesday over what the foundation saw as misuse of its tax figures. But another problem with the blog was its use of figures about millionaires. It confuses the 157,000 households with liquid assets of $1 million with the 7,000 or so households which have income of $1 million a year.

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