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Keyword: 2013taxincreases

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  • $494 billion tax increase to hit in 2013

    04/10/2012 8:02:44 PM PDT · by Free ThinkerNY · 26 replies
    The Daily Caller ^ | April 10, 2012 | Caroline May
    It will be up to Washington to save the country from what the Washington Post has dubbed “Taxmageddon” — the looming tax increase set to hit Americans on Jan. 1. Curtis Dubay, a senior analyst in Tax Policy at the Heritage Foundation, has chronicled the taxes set to hit if Congress and the administration do not make adjustments. According to Dubay, Americans will see a $494 billion tax increase at the beginning of 2013. “[The tax increase] is hitting because of expiring tax policies and the beginning of five taxes in Obamacare,” Dubay told The Daily Caller. Dubay’s study of...