Will Obama Raise My Taxes?
Will Obama raise my taxes? How much will taxes go up in 2011? These are big questions on most Americans minds today. Read this article to find out more.
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0 thoughts on “Will Obama Raise My Taxes?”
Mark… I appreciate this article!
One thing that was not mentioned specifically in your post is the fact that the Child Tax Credit will go from $1,000 per child in 2010 to $500 in 2011. May not be too significant for some, but for me, and those of us who have kids and make less than the phase out amount, it is material. For me personally, it basically means that due to this one credit phasing out, I’m going to have to pay $1,500 more in taxes (3 kids X $500) in 2011… and even more in 2012. Sucks. Hope Obama gets off his kiester and does something about it.
Thanks!
Great point Mark, I should not have left that one out. If you have several children, this will be a big deal for you! There are even more ways that we’ll all be paying more in taxes that I have not yet covered. I’ll try to get some more posts on here so that people are aware of what may be coming.
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