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The Tax Battle Decoded: What $250,000 Gets You11:29

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As Congress and the White House battle over a tax and spending plan before the end of the year, one number is at the forefront: $250,000. That's the income level above which the White House wants taxes to rise. Host Guy Raz speaks with Reuters personal finance columnist Linda Stern about where that amount of money goes a long way, and where it doesn't. Plus NPR's Mara Liasson weighs in on the state of budget talks in Washington.

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