Friday, July 2, 2010

Largest Tax Hike In History Coming.

Personal income tax rates will rise
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family
The return of the Death Tax
Higher tax rates on savers and investors
The “Medicine Cabinet Tax”
The “Special Needs Kids Tax”
The HSA Withdrawal Tax Hike
Small business expensing will be slashed and 50% expensing will disappear.
Charitable Contributions from IRAs no longer allowed..........ect ect ect
H/T Real Revo

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