Even though politicians in Washington went home without a vote on tax increases, is it possible that your taxes have already gone up this year? The answer is yes for 23 million Americans. And it could cost an average of $3,900 per taxpayer this year alone. How is this the case? The Alternative Minimum Tax. As of December 31, 2009 many middle-class taxpayers no longer paid AMT. However, if Congress fails to act on tax increases before the end of this year, 23 million American households that did not have to pay the AMT last year will have to pay it on the income they have been earning since January 1 of this year.
Hope and change! The inability to make the hard decisions is defining our recovery as a nation. In that sense, nothing has really changed at all.
I'm just an individual who hopes to inspire but not impose his views on others. I seek not to convince but only hope that my words are written well enough to get others to delve deeper into their own thoughts and ideas. I am sincere in all that I say but never so serious as to not listen to the ideas of others
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