Obama's "tax on the rich" is an outright lie and here is the proof:

 The Alternative Minimum Tax, or AMT, is a parallel tax system. Every taxpayer is responsible for paying the higher of the regular tax or the minimum tax. The difference between the two tax calculations is calculated on IRS Form 6251 (pdf) and using Instructions for Form 6251. If the minimum tax is higher, the difference between the two tax rates is added to your Form 1040 as an additional alternative minimum tax. (text from Yahoo).

Why do I mention this?  Because this tax is scheduled to go into effect for all taxpayers,  if Congress does not get its act together by the beginning of the new year  --  raising taxes paid  on some  by as much as $3,000. 

Understand that this tax, originally,  was to be a tax on the uber rich.  Why is this a problem?  Because the Establishment politicians of times past,  lied to the American people about this “tax on the very rich.”    Sooner or later, it will apply to all of us. 

Ditto Obama’s “tax on the rich.”  Look how he is selling this idea.  He criticizes the uber rich,  “millionaires and billionaires,”  but proposes a tax that will effect 900,000 small businesses and individuals who file joint returns but earn 100,000 each,  before their 50%  tax burden.

The $200,000 barrier has nothing to do with the “uber rich,”  and is an outright lie,  for the very beginning.  His “tax on the rich” is, in fact, a hugh tax on the middle class