Evolving Personal Finance » Entries tagged with "taxmageddon"

What Happens to Your Taxes If We Go Over the Fiscal Cliff?

What Happens to Your Taxes If We Go Over the Fiscal Cliff?

I listed to Marketplace every day and have hear many pieces on the fiscal cliff aka taxmageddon.  Basically, there are a bunch of federal tax cuts and spending increases that are set to expire at the end of 2012 if Congress doesn’t take any action.  Since the legislature is apparently completely paralyzed during our ever-lengthening election season, we won’t know if the fiscal cliff will be partially or completely prevented probably until the lame duck … Read entire article »

Filed under: taxes