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Monday, February 27, 2012

Economic Education

Ok here is the newest list of tax breaks set to expire in 2013

2013 Tax Increases set to take $500 billion out of the economy (well out of the pockets of those who earned the money)

Over the next decade this could equal up to $5Trillion - government doesn't have to cut its spending but we do?

Obama has promised to veto any bill that extends the Bush-era tax cuts

Expiration of the Bush-era tax rate cuts will increase taxes for nearly EVERY American taxpayer
Medicare tax will go up for ANYONE who sells a home next year that goes for more than $150,000-$200,000! Which in this economy really isn't that hard to do

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