There's a Triple Tax Increase in Your Future

There's a Triple Tax Increase in Your Future: "The so-called Bush tax cuts are set to expire at the end of the year. That means that all of the current income tax rates will rise to pre-2001 levels overnight: the lowest rate will jump from 10 percent to 15 percent and the highest from 35 percent to 39.6 percent. Moreover, rhetoric from Congress suggests that Democrats will settle for nothing less than an expiration of those provisions benefitting the rich, says Merrill Matthews, a resident scholar with the Institute for Policy Innovation."

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