Gawd the lies! It burns!~The tax rates that changed on Jan. 1, 2013, were all passed as part of the American Taxpayer Relief Act of 2012. That was a bipartisan deal -- we’ll discuss just how bipartisan in a bit -- that passed after the 2012 presidential election to avoid the fiscal cliff. The cliff refers to the expiration of tax cuts originally passed under President George W. Bush. The law made permanent many but not all of the Bush-era tax cuts that were set to expire anyway. So some people did see their tax rates go up, primarily upper-income taxpayers. That’s what the email is attempting to spotlight, but it does so in a way that introduces a host of inaccuracies.
Posted on: Tue, 06 Jan 2015 20:53:35 +0000
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