Quote:
Originally Posted by innerSpaceman
Ok, I'm confused. The tax decrease had an expiration date. One which Congress decided to change, but it still had an expiration date when it was passed. Are you now saying, scaeagles, that it's an exception to your 3-posts-earlier statement that an expiration date included with the initial tax change was the deciding factor for you?
Huh?
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I think it is a semantic issue.
The only reason I would regard it as a tax increase is because it is an actual increase in the tax rate. In my attempt to answer what Alex asked, I tried to explain that while yes, it is a tax increase, I wouldn't regard it the same as a new tax. It would, and does, have a different....feel?...to it because it is the elimination of a temporary reduction. I can't blame the existing congress or Obama should it expire - I can only blame those that originally passed and signed it to be temporary.
It is completely different than , say, creating a VAT or increasing the gas tax or raising rates beyond what they were in 2001.
Hope that clears up my reasoning a bit.