Tiger Woods Taxed

This post by the TaxProf analyzes the effect of Obama's proposed tax changes on Tiger Woods.  Those that want to "tax the rich" will get a lot of satisfaction from this.  But I doubt that Tiger thinks that it is fair.  Under this new regime, the high ordinary income earners are brutally punished.  Obama had better hope that Tiger (among others) don't just leave the country.

The electorate is so polarized over tax and spend that our country faces "Yo-yo taxation" every time a new party gets in office.

In the meantime, the truly wealthy are largely unaffected by these changes because they can manipulate their affairs to avoid or minimize taxable transactions.

All of this is ultimately a drag on the most productive areas of the economy.  The end game is lower economic activity and lower tax collections.   The tax regime proposed in "The Rats are in the Cheese" aims at equity and control of tax and spend by the voters.