Latest From Wayne Allyn Root | April 26, 2012 |
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Outside The Asylum | |||||
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Analysis | |||||
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Personal Liberty News | ||
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Ageless Wisdom Of The Founders | ||
New Pretenses For Revenues And Taxation Congressional aides call it “Taxmaggedon.” Federal Reserve Chairman Ben Bernanke calls it “a massive fiscal cliff.” “It” is Jan. 1, the day taxes increase because the George W. Bush-era tax cuts expire and Obamacare taxes kick in. According to The New York Times, it will mean a typical middle-class household making $50,000 will see a tax increase of about $1,750. If not addressed, according to The Times, inflation-adjusted, after-tax income will fall to 1998 levels. More » |
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