I am sure that you will be very pleased to know that we now have 159 pages of new tax rules affecting capital gains and dividends all aimed at raising new taxes in order to fund health care “reform.” But don’t worry; these are just taxes that are supposed to be paid by “high-income individuals.”
Some might object to all of this, noting acidly that taxing the rich will never be enough to pay for all of our entitlement obligations, and remarking that the last thing we need is for tax rules to become more complicated. Clearly, these people don’t know what they are talking about. After all, when we have the IRS enter the picture with its burdensome regulations and bureaucracy as far as the eye can see, things usually end wonderfully. What could possibly go wrong in this instance?
So celebrate. This is just the beginning of what we voted for on November 6th. And we are going to get what we voted for. Good and hard, as a certain writer and pundit once said.