Hope and Change!!

To all of my generation who voted for the hopeandchange: get ready to pay for more taxes!!

How much does this small change mean for the government? So sayeth the WSJ:

This is a sneaky way for politicians to pry more money out of workers every year without having to legislate tax increases. The negative effects of failing to index compound over time, yielding a revenue windfall for government as the years go on. The House tax surcharge is estimated to raise $460.5 billion over 10 years, but only $30.9 billion in 2011, rising to $68.4 billion in 2019, according to the Joint Tax Committee.

Yes! Woohoo! Let’s pay for those baby-boomers and their free health care! Awesome!!

(h/t)