and unlike Krugman, I do NOT trust the Tax Policy Center
they are pretty clearly carrying water for Obama.
Here's one simple and very clear example.
Mitt Romney has $4.9 million in dividend income.
If the Bush tax cuts had been allowed to expire he would have paid a rate of 39.6% taxes on those dividends which would have then been treated just like any other income.
Instead, thanks to the betrayal of ATRA they are only taxed at 20%. Saving Romney almost $960,000 a year in PERMANENT tax cuts.
The fact that Obamacare will raise taxes on Romney starting in 2013 is not relevant to the betrayal of ATRA except that dishonest liars like Obama, Krugman and the Tax Policy Center are using that juxtaposition to lie about the impact of ATRA.
But go on, tell me again how cutting the tax rate on dividends to 20% is actually an increase in taxes on the rich. Because if Krugman says it or Obama says it then it MUST be true.
One person can make a difference and every person should try. JFK