I found this article very interesting and informative. More so from the standpoint of pointing out that the tax cuts put in place by the Bush administration was not just to protect the wealthy but as the article says, anyone who pays taxes.
The interesting part is that those of us making less money will take a 50% greater hit in taxes. For example, say a $20,000 a year wage earner who was paying $2,000 under the tax cuts will now pay %50 more or $3,000 per year.
Add to that the new taxes to fund ObamaCare and we are really going to be paying out the nose.
Looks like this is one of those deals were we are all in it together hugh? Doesn't matter if your "rich" or "poor" or "middle class" your taking it up the $%^%&
The Tax Tsunami On The Horizon - IBD - Investors.com
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