Tax Hikes Due in 2012. Does an 80K Family Income Mean You Are Wealthy? The Fiscal Cliff.
by Danko Iordanov, EA
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 …
by Danko Iordanov, EA