when it comes to their specific plans for how to deal with the bush tax cuts. now, before we get into this, i got to be honest with you. it s going to get a little weird. you know how in physics light can be both a particle and a wave? see, we have a cool little physics illustration. in washington, a particularly tax policy change can be both a tax hike and a tax cut. at the same time. crazy, right? the reason for this is a little complicated, but it s not too complicated. and it s important that you know it because the fact that politicians know these numbers, it lets them play a trick on you. they re able to confuse you about what is actually going on with your taxes. so bear with me on this for a second. we re going to get a little bit into the weeds but i promise we ll get right back out of them. all right, so, tax policy right now is weird. and it s weird because huge portions of our tax code are expiring all at once. the bush tax cuts which are worth about $5 trillion over the
want to raise them. and even the rich people thing isn t so simple because you could argue that democrats and republicans both want to cut taxes on rich people, at least when it comes to their specific plans for how to deal with the bush tax cuts. now, before we get into this, i got to be honest with you. it s going to get a little weird. you know how in physics light can be both a particle and a wave? see, we have a cool little physics illustration. in washington, a particularly tax policy change can be both a tax hike and a tax cut. at the same time. crazy, right? the reason for this is a little complicated, but it s not too complicated. and it s important that you know it because the fact that politicians know these numbers, it lets them play a trick on you. they re able to confuse you about what is actually going on with your taxes. so bear with me on this for a second. we re going to get a little bit into the weeds but i promise we ll get right back out of them. all right, so, tax