The middle class has quite a gift welcoming them as the calendar flips over to 2013. Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings. So happy [...]
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Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds
Tagged with: AMT Tax, Decline, Fiscal Cliff, Gift, Income Taxes, Middle Class, Paychecks, Payroll Taxes, Tax, Tax Bill, Tax Bills, Tax Hikes, Tax Increases, Taxes, Taxpayers
Posted in Michael Snyder
Posted in Michael Snyder
When The Derivatives Market Crashes (And It Will) U.S. Taxpayers Will Be On The Hook
Warren Buffett once said that derivatives are “financial weapons of mass destruction”, and that statement is more true today than it ever has been before. Recently, JP Morgan made national headlines when it announced that it was going to take a 2 billion dollar loss from derivatives trades gone bad. Well, it turns out that [...]
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