One tax hike set to take effect January 1, 2011 unless Congressional action is taken is a 164 percent increase in the tax on dividends.
A value-added tax (VAT) is a sales tax applied at each stage of production for a good or service, instead of only at the point of final sale.
Without Congressional action the Bush tax cuts will sunset on January 1, 2011 and raise U.S. residents’ tax bills by a whopping $3.1 trillion over the next 10 years.
States are beginning to turn away from baseline budgeting, a method that has proven ineffective in keeping the size of government to a responsible level.
South Carolina Gov.