The Associated Press is running a story this AM highlighting the financial impact on individuals and families if Congress does not address the looming expiring tax rates. Analysts state that a middle-income family making between $40,000 and $64,000 will see their tax liability increase by nearly $2,000 in 2013, if Congress fails to act.
Undoubtedly, this will be a significant part of tomorrow's 1st presidential debate. Will you be watching?
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Courtesy of NASE.org https://www.nase.org/about-us/media-relations/nase-in-the-news/2012/10/02/Tax_Fiscal_Cliff_to_Dominate_1st_Presidential_Debate