Taxmageddon is upon us
Did you know?... According to a recent study from the Heritage Foundation, if last decade's federal tax cuts are allowed to expire, Kentucky families are set to pay nearly $2,500 extra in taxes next year, or 5.0% of adjusted gross income. That seems like a hefty chunk of change for a nation in recovery, but get a load of this...
The US as a whole is set to pony up an additional $494 billion to our federal masters if proponents of the welfare-warfare state in Washington, D.C. have their way.
Likelihood that tax burdens will fall after the Supreme Court upheld the individual mandate today: not likely.