May not be true if you add all the pluses and minuses. You are spared the AMT tax in 2013, your tax on dividends and cap gains do not go up and even better they are now permanent rates, and your estate will not pay 55% death tax over just $1 million in assets. Don’t we all hope to accumulate a nice nest egg and pass it on to our children? Sans this deal ALL OF THOSE TAXES would have gone up on Jan 1, 2013.
I don’t make enough money to have to worry about dividends and capital gains. The economy is too crappy for that. I live check-to-check and have seen my real income decline by approximately 20 percent since Zero took office.
My ‘estate’ as it presently stands is a modest house, two cars, no second property and a family that loves me.
Yet the government sees fit to take even more of my hard-earned, with the almost full agreement of the party I, until recently, supported.