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Counterparties: Happy Tax Day! You’re not done paying
Date: 2012-04-18T12:05:03.333
Author: Ryan McCarthy
Byline: Huffington Post
Editor note: It’s Tax Day. You’ve just signed, sealed and mailed your least favorite civic duty. Now get ready to pay more.
Teaser: It’s Tax Day. You’ve just signed, sealed and mailed your least favorite civic duty. Now get ready to pay more.
If Congress doesn’t act, David Leonhardt notes, on Jan. 1, 2013 we get “taxmageddon”: The average tax bill for a family making roughly $50,000 will jump by about $1,750, and nasty spending cuts kick in. The CBO’s analysis says total individual income tax revenue is set to nearly double by 2017. This is the “fiscal cliff” we’ve been hearing smart people warn about
Number of Views: 1832
View original artilce: http://blogs.reuters.com/felix-salmon/
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