Courtesy of L A Times

Tax Territory

Get a preview of Sunday's article about the best cities to work in, taxwise. The L.A. Times lists top cities around the country and the income tax ranges for residents

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Courtesy of the NY Times

Study Says Middle Class to Lose Much of Bush Tax Cut's Benefit
By David Cay Johnston

WASHINGTON, Sept. 18 - Nearly all middle-and upper-middle-class families will lose some of the income tax cuts scheduled over the next eight years as they are forced to pay a separate tax originally intended to make sure that the rich cannot live tax-free, a study released today found.

By the end of the decade, when the tax cuts pushed into law by the Bush administration in 2001 become fully effective, 85 percent of taxpayers with two or more children will be forced off the regular income tax and onto a separate system known as the alternative minimum tax.

Full article can be found here.

Published TaxMama.com 9.20.02