Free Republic

This came from the Senior Tax Editor for Kiplinger Letters In just three months, on January 1, 2011, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves. On January 1, 2011, here's what happens... (read it to the end, so you see all three waves)... First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011. Personal income tax rates will rise....

WASHINGTON -- As the Internal Revenue Service prepares to implement a new program that sends private debt collection agencies after delinquent taxpayers, critics -- including several lawmakers and the employee union at the Treasury Department -- are gearing up to protest it. Opponents say the IRS will pay private debt collectors more to do what government-paid employees could do and that the agency is not doing enough to let the public know about the new program, set to launch in early September. "I think taxpayers will be very offended and appalled that their tax information is being handed over to"...