Quote:
Originally Posted by Danzig
that is incorrect.
the tax cuts, if not extended, will end. thus, a tax increase is looming. see, the senate already said they will not vote to extend the tax cuts on the wealthy-which means that the republicans in the house have decided if the rich can't get to keep their cuts, no one can. house dems had already passed a measure to keep the cuts in place for everyone except those making over a quarter million a year.
|
Just to add, that those making over $250,000 a year
still retain these tax cuts everyone else does, on all funds less than $250,000 a year. It is
only funds over $250,000 income that will have a tax increase.