This article was pulled very quickly by the AP but opps...Canada didn't pull their article...yet.....
Backdoor taxes to hit middle class
Mon Feb 1, 4:09 PM
By Terri Cullen
NEW YORK (Reuters.com) --The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth. Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year's levels, the ta
Answer by pvtjokerus at 10:44 PM on Feb. 2, 2010
Answer by mancosmomma at 10:57 PM on Feb. 2, 2010
Answer by Anonymous at 10:59 PM on Feb. 2, 2010
Answer by lori232 at 11:30 PM on Feb. 2, 2010
Oh! I have a solution! We could all go back to providing for ourselves and not everyone else in this darn country. I'm pretty sure that would lower taxes.
Answer by fluud7 at 11:50 PM on Feb. 2, 2010
Answer by agentwanda at 11:57 PM on Feb. 2, 2010
link has been removed... :( but I found this had been added:
ADVISORY: Backdoor taxes story Tue Feb 2, 1:35 PM The Feb 1 story headlined "Backdoor taxes to hit middle class" is wrong and has been withdrawn. The story said lower-income families will pay more under tax provisions scheduled to expire Dec 31. The Obama administration's budget calls for the extension of those tax provisions for households earning less than $250,000. There will be no substitute story.
Answer by agentwanda at 12:05 AM on Feb. 3, 2010
Answer by SFerber at 12:25 AM on Feb. 3, 2010
Answer by lori232 at 12:33 AM on Feb. 3, 2010
Answer by 29again at 12:34 AM on Feb. 3, 2010