Americans’ taxes will rise in a few weeks. Though the direction is clear, the exact amount is yet to be determined.
More than a dozen tax cuts are set to expire Dec. 31 and a couple of new taxes are scheduled to start with the new year. Combined, they would affect nearly 90 percent of taxpayers, from the very richest to the very poorest, with the typical household’s tax bill rising by about $2,000 in 2013, according to the nonpartisan Tax Policy Center.
I had this story on Sept. 21. I called it 100 Days until Taxmageddon.
Funny how the NYT saved this story until AFTER the election.