Happy New Year! 73 New Tax Hikes Take Effect

It might surprise many people to learn that not one, not two, but seventy-three new tax increases went into effect on January 1, 2010. This was the result of Congress letting temporary tax relief expire. They still have time to put the tax relief back in place before the end of the year, but they are gone for now. A complete list of them is maintained by the Joint Tax Committee. All told, these expiring tax provisions total between $100-$150 billion of new tax hikes...read more