“Taxmageddon” Begins on January 1, 2013!

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1. Bush-era tax cuts are scheduled to expire.
2. Investment income taxes increase.
3. Estate & Gift taxes increase.
4. Earned income taxes increase.
5. Penalty for married joint filers returns.
6. Child Credit will be cut in half.
7. The Tax Rate everyone pays on the first $8,700 of wages will jump from 10 percent to 15 percent.

TAX, TAX, TAX -- Why don’t we ever hear about budget cuts from the democrats?

For an article on the coming tax increases click on the following story link:

http://www.washingtonpost.com/business/economy/end-of-payroll-tax-holiday-sets-up-harder-hit-for-taxpayers/2012/02/16/gIQAnxqTMR_story.html?tid=pm_business_pop

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