Call Center: 724-252-3114    Contact us today | mschuster@turnkeytaxes.com

PAY ONLINE

 
 

HOME   |   ABOUT US   |   FAQ   |   IN THE NEWS   |   CONTACT US   |   BLOG   |   DEBT CLOCK   |   TAX GLOSSARY   |   USEFUL LINKS

 

Blog . . .

Fiscal Cliff – How much will you pay?

I’m not sure what is more bothersome. Is it the fact that just weeks after a national election, we can’t get our representatives to talk to each other? Or is it that $ 600 billion, $ 1.2 trillion or $16 trillion are just numbers to most Americans and no longer bring incite fear? As the fiscal cliff draws near, there seems to be more folks that believe it may occur. Some of them are saying ‘let it happen…..why put off the inevitable?’

Deadline: Midnight on December 31, 2012. Some of what is affected: The end of last year’s temporary payroll tax cuts, the end of some tax breaks for business, the end of the Bush tax cuts and the beginning of some health care tax increases. There’s still time for discussion and to avert the worse-case scenario. But if you’d like to get an idea of how the ‘cliff’ would affect you, take a peek at the following site.

http://www.creditcards.com/credit-card-news/fiscal_cliff-calculator-1701.php

How ironic that the deadline occurs at the same moment as the singing of “Auld Lang Syne”

Mark Schuster

December 3, 2012

BACK

 

 

GET SOCIAL

   

 

CONTACT INFO

Operations Center
100 Global View Drive
Suite 100
Warrendale, PA 15086
724-252-3114