Although the House approved a last minute deal to avoid the fiscal cliff, most of Americans will still see an income tax increase. According to legislation most will end up paying more federal taxed in 2013 because nothing was done to prevent a temporary reduction in the Social Security payroll tax from expiring. Taxes […]
If Washington politicians can’t reach a last-minute deal, 2013 will begin with a big batch of tax hikes and cuts in government spending that could…
Unless Congress passes a budget by the beginning of year, everyone who pays taxes and some who don’t will feel the pain of paying more. Middle income families would have to pay an average of about $2,000 more a year, 3.4 million jobs would be lost, and the tax increases would be the steepest to […]
