I thought for certain they would do away with direct payments. As for the taxes, I'm amazed Obama went with the cutoff at $400,000 for individuals and $450,000 for couples. The dividend thing blows me away. There is no reason we couldn't go back to the way things were from the beginning of the income tax until 2003, and tax dividends as regular income. That way, the little old ladies with the utility stocks would only pay at 10% or 15% or whatever it would work out to be.
Here's another take on it. When all else fails, look to The Big Lebowski. Totally worth it for the apt comparison between the Nihilists and Republicans.
ReplyDeletehttp://nymag.com/daily/intelligencer/2013/01/big-lebowski-explains-the-fiscal-cliff.html
That is exactly right. Lots of things are explained by The Big Lebowski. The fiscal cliff is a perfect example.
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