“In particular, between 2012 and 2014, revenues in CBO’s baseline shoot up by more than 30 percent,” said the Congressional Budget Office, “mostly because of the recent or scheduled expirations of tax provisions, such as those that lower income tax rates and limit the reach of the alternative minimum tax (AMT), and the imposition of new taxes, fees, and penalties that are scheduled to go into effect.” Click here for full story.
Taxes to Shoot Up More Than 30 Percent Over Next Two Years
by Jane Richey | Feb 2, 2012 | Fiscal Responsibility | 0 comments