Quote:
Originally Posted by bizi
I don't understand I thought that all those members who pay taxes will have their taxes go up! I am afraid for this...I hope they come to an agreement.
bizi
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Bizi,
The tax cuts from Bush will expire automatically on Dec 31, 2012.
In January, 2013 Obama and congress will pass the tax cuts again. They are going to do this for the middle class. The rich (people above 250,000 a year) will not get a tax cut.
The middle class will pay the same taxes that we pay now.
M