Tuesday Tax Time: “Should the Bush Tax Cuts Be Extended?”
Here are the results so far for WebCPA’s poll question “Should the Bush Tax Cuts be Extended?”
If you don’t extend them, then it will effectually be a tax hike (a big one). But if you do extend them, that will just take us into an era where tax hikes are going to be required to pay for the debt the current administration has created (or added to). Some say taxes are extremely low now, and that this tax hike is necessary.
Here is a great summary on what is meant by the “Bush Tax Cuts.”
What do you think?
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