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Obama's tax plan and what it means to a fairly well off 80yr old?

What does the tax plan of Obama mean for my 80yr old Father, who is fairly well off.  Has estimated home worth of 150,000.00 which is paid for.  And he has several CD's, and savings accounts as well?  And when will he notice the effects of the plan, ie: in the near future, or months and years down the road?


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