Tax Hikes Due in 2012. Does an 80K Family Income Mean You Are Wealthy? The Fiscal Cliff.

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If the government does not act to change the income tax rules now, many will see their taxes go up when filing next winter… and not by a little but by a lot as $2,000 is hardly small change, The reason lies mainly in the Alternative Minimum Tax (AMT), originally dubbed the “rich man’s tax”. This is a lesser known tax and you won’t be alone if you have never heard of it before.
The original intention when enacted ...

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