Taxmageddon impacts everyone

Pointing the fingers of blame is about to get worse. Both parties can blame the other for the Taxmageddon. If you are reading this, you are likely on the list of affected taxpayers expected to give up more of your income. You can read the whole article here.

From the American Heritage's Morning Bell: May 11th 

"Americans can expect to see the following tax consequences starting next year:

- Income tax rates shoot up,
- The child credit is cut in half,
- The marriage penalty roars back,
- The capital gains tax rate goes up,
- The dividend tax rate soars,
- The payroll tax rate jumps two percentage points,
- The death tax is restored to its punitive past,
- The Alternative Minimum Tax relief expires, and
- A uniquely pernicious additional payroll tax hike from Obamacare takes effect."