Taxmaggedon – Middle Class Will Be Hardest Hit

When President George W. Bush passed his landmark tax cuts I wasn’t thinking about what the rich were getting. I was thinking about my middle class family. I remember it like it was yesterday. We had our first child that year, and even though we had insurance we still had a bunch of co-pays we had to pay. I got a raise (something that hasn’t happened since Obama was elected) and for the first time in my life when I received my paycheck the entire amount of the raise was included. Every time I ever had a raise before that I would try to calculate what it meant in take-home pay and come up short, or over. That year, it was all in my check. That was nice...