Permanent AMT Patch
The American Taxpayer Relief Act of 2012, signed by President Obama on January 2nd, included a permanent AMT (Alternative Minimum Tax) Patch. The AMT was first enacted in 1969 to make sure the ultra-rich paid their … Read More
Fiscal Cliff Agreement Averts Tax Increase for 99% of Americans . . . Or Does It?
It’s true that the agreement reached by Democrats and Republicans on January 1st averted a tax increase for 99% of us. Nevertheless, taxes will increase in 2013. Why? Because the reduction in Social Security taxes that … Read More