Taxmageddon: $500 Billion in Tax Increases Coming January 1, 2013
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- Created on Thursday, 19 April 2012 13:03
Two days ago was President Obama's favorite day. April 17, 2012 was Tax Day, a day where Obama gets to redistribute wealth. In the shadow of Tax Day was a class warfare push by Senate Democrats and the White House. It was the phony Buffett Rule, which was none other than an increased tax on job creators. It failed to pass, but brought attention back to our broken tax system, which leads us to taxmageddon. January 1, 2013 not only brings in the new year, but does so with $500 billion in increased taxes that will affect every single taxpayer in the country, low, middle and upper class citizens. And with this being an election year, don't count on this issue being addressed, which leaves significant uncertainty for struggling businesses that are already struggling in the Obama economy.