AlchemyToday

Too bad Obama’s gonna raise capital gains taxes… we’ll see how that massive buzz kill goes over in this economy.  Oh wait, what capital gains?

Here’s my latest shot at it from the new Tax Policy Center data:

This is essentially the same presentation used by Viveka at chartjunk except I’ve obviously used updated 2012 data instead of old 2009 data (biggest difference: includes sunsetting of some Bush tax cuts), inverted the x/y axes to make it more intuitive, and gotten rid of unneccesary (and inherently subjective) annotation.  Of course, it’s a subjective call to use the Tax Policy Center’s current law baseline instead of the tax-cuts-extended baseline, but I think it’s a fairer baseline since either candidate would face an uphill battle getting the Bush tax cuts extended and it still treats both candidates equally.