Dubya’s Dividend Delight By Michael

Dubya’s Dividend Delight By Michael Kinsley

One reason the tax code is so complex is that it is clotted with special favors. The complexity serves both to extend the favor and to protect it, since, as Bob Dylan has noted, you can’t criticize what you don’t understand. The Bush proposal to stop–or sorta stop–taxing stock dividends is a good example.