"Pretzel Logic"...

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Not the Steely Dan album from the 1970's but the ongoing debate at work with a co-worker regarding the capital gains tax...

My friend, a strong Obama supporter, has described Obama's promise of a Capital Gains tax increase from 15% to 28% not as a tax increase but as a return to the prior tax rate of George H. Bush?...

With that "Logic", raising the top tax rate to 90% would not be a "tax increase" but simply a return to the prior rates before the Kennedy tax cut...