Tax cuts could expire - TimesDaily: Archives

Florence, AL | Sat, November 22, 2014
default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Tax cuts could expire

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, October 2, 2012 12:00 am | Updated: 9:38 am, Fri May 3, 2013.

WASHINGTON — A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 in 2013 if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday

Taxpayers across the income spectrum would be hit with large tax hikes, the Tax Policy Center said in its study, with households in the top 1 percent income range seeing an average tax increase of more than $120,000, while a family making between $110,000 to $140,000 could see a tax hike in the $6,000 range.

Subscription Required

An online service is needed to view this article in its entirety. You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

You must login to view the full content on this page.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Thank you for reading 10 free articles on our site. You can come back at the end of your 30-day period for another 10 free articles, or you can purchase a subscription and continue to enjoy valuable local news and information. If you need help, please contact our office at 256-340-2410.
Click here to subscribe now. | If you are a current subscriber, click here to activate your account.
You need an online service to view this article in its entirety.

Have an online subscription?

Login Now

Need an online subscription?

Subscribe

Login

Choose an online service.

Welcome to the discussion.

Latest News on Twitter

Like us on Facebook

Online poll