Stephen Colbert explains Obama's tax-the-rich plan

Although Obama's millionaire tax has little -- OK, no -- chance of passage, it's been great fodder for serious tax watchers and especially for the not-so-serious ones.

For now, let's count me as a serious tax observer. My takeaway from the Obama deficit reduction/tax reform proposal: "This isn't class warfare, it's math" is going to be a great 2012 re-election campaign spot.

That phrase also caught the ear of Comedy Central funnyman Stephen Colbert, who devoted a recent show segment to the Obama tax-the-wealthy proposal.

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Enjoy the tax humor while you can. Plenty of serious tax work is ahead.

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