Almost 23 million American households have already had their federal taxes raised by an average of $3,900 this year, but they may not know it yet.
They could get a big surprise when they prepare their tax returns next year.
Among those subject to this already-in-place tax increase are some families making less than $50,000 per year, and virtually all married couples earning between $100,000 and $500,000 a year, according to data published by the Congressional Budget Office.
This insidious tax hike is contrary to President Barack Obama's repeated promise not to increase taxes on any individual earning less than $200,000 a year or on any household earning less than $250,000.
This tax increase on almost 23 million people will happen if Congress does not quickly pass legislation that temporarily increases the amount of income exempt from the Alternative Minimum Tax.Here is more
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
The ones that don't get hit with that will definitely pay more when the Bush tax brackets revert to the Clinton tax brackets in 2011!
Why is implied as an obama broken promise when every congress is forced to deal with the same issue?
for those of you who think you won't be touched because you make less than $250,000; you're in for a rude awakening.
remember: democrats = tax,tax,tax.
and dummy idealogues = fearmonger, distort, and outright lie. Take off your partisan blinders and take a real hard look at all politicians on both sides of the aisle.
Post a Comment