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Showing posts with label coming recession. Show all posts
Showing posts with label coming recession. Show all posts

Sunday, December 16, 2012

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.