By the way...I believe that the 99th percentile is above $1M in net worth. $1M puts you in the 95th percentile and you need at least $6M for 99th.
What table in that document were you looking at? I know that there has been significant capital losses since the beginning of the year, enough so that it gets mentioned on the show "High Net Worth" how people are cutting back - I owned shares in Coach inc until I heard that the luxury brands were getting hit hard by rich people cutting back on buying stuff.
From wikipedia, it looks like there are 9.3 million millionaires in the US, out of 305 million people, so the $1 million mark would be the 97th percentile, which would still leave most of the top 5% with less wealth than they need to live entirely off of investment income.
If your tax estimates for Obama are accurate, then he is going to have a heck of a time balancing the budget without cutting spending.