Impending Tax Changes in 2013

Everybody's taxes are going up, even though the grand Poobah himself, Obama, declared that raising taxes during a poor economy (indeed a recession) is a bad idea. We are on the verge of virtually everything going up,...taxes, food, fuel, housing, interest rates,....everything.

The great descent, indeed a free fall, over the Fiscal Cliff is no myth. Just wait and see. If Congress and this President do nothing before 31 December, on 1 January 2013 you will see the changes outlined in the chart below, courtesy of Bankrate.com and also viewable on the Yahoo Finance article here.