TEA (Taxed Enough Already) parties were scheduled to be held all over the country today. Michigan Rep. Pete Hoekstra lists these as up-and-coming tax changes: --Marginal income tax rates will increase for all income brackets. --The $400 "Making Work Pay" credit will expire. --Capital gains and dividend rates for individuals will increase. --The child tax credit will decrease from $1,000 to $500. --The death tax will return with a 55% maximum rate. --The Alternative Minimum Tax exemption will expire. And lest any readers think I am picking on the current administration exclusively, I was also appalled at the amount the federal deficit increased under the previous administration. What do you think?
A look at life on a small family farm