
The Tax Man Cometh
The Tax Man Cometh: I am sure most of you loyal readers of this missive do not need a reminder, butyesterdaywas April 15, and you know what that means…Tax Day. If you think your taxes are bad now…you need to take a look at the lists below.
Tax Increases Enacted since January 2009
This list, totaling more than $670 billion in tax increases includes the Health Care Bill, SCHIP, the Stimulus Package, and several other pieces of legislation which have been signed into law by President Obama.
Pending Tax Increases if Congress Takes no Action
2010:
The exemption for the Alternative Minimum Tax (AMT) will decrease from $46,700 to $33,750 for single filers and from $70,950 to $45,000 for married couples filing jointly. Taxpayers will not be allowed to deduct their … Read More