While organizing some of my files today I stumbled across a CNN Money article on the dividend tax hike “compromise” reached earlier this year: 20130102_dividend_tax_hike
Most of you probably already know where I am going with this. 🙂 It is yet another reminder of how the wealthy (in this case those earning more than $400,000 AGI) avoided a restoration of taxes to pre-great recession / pre-Bush rates. However, as I mentioned in my Cadence of Finance presentation, taxes are not the main driver behind the widening wealth gap. See the presentation for more details.