Are You Ready for "Taxmageddon"?
A slow moving train wreck known as "Taxmageddon" is creeping toward U.S. taxpayers.You see, if Congress doesn't act by year's end, numerous tax breaks will expire -- and hit every American taxpayer squarely in the wallet.
It's a fiscal tsunami that will strike as early as December. The damage will be so widespread it could derail the entire U.S. economy.
Nobody in Washington, however, is doing anything about it.
"You just don't get the sense that there's even a secret plan yet," Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, told The Washington Post. "It's scary."
If you're not worried yet, you should be.
Here's why...
"Taxmageddon" Means Higher Taxes for All
The Bush-era tax cuts will end on Jan. 1, 2013, unless Congress intervenes.Also set to expire that day will be a temporary payroll-tax holiday on social security.
Read more - click here.
Creflo Dollar Arrested, Charged With Punching And Choking His Daughter
Rev. Creflo Dollararrested and charged with punching and choking his 15-year-old daughter. His daughter called police after the domestic dispute, claiming that the two were fighting over whether or not she could attend a party. The pastor has been charged with simple battery and cruelty toward children, and booked in the Fayette County Jail.
Police claim that the pastor’s daughter called them after he tackled her to the floor, punched her, and hit her with a shoe. Officers say that they saw a scratch to the girl’s neck and throat that confirmed her claims. The pastor says that his daughter was “very disrespectful” and that he only retaliated when she hit him first. Read more of the article - click here.
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