How Will Proposed Tax Legislation Affect You?

Congress can decide to extend former President Bush’s tax cuts, follow the changes proposed by President Obama, or let the tax cuts expire without any action. The question is who will pay more taxes? Learn more about what others are saying about proposed tax cuts from Forbes.com and SmartOnMoney. Take a look at how proposed tax legislation could impact next year’s tax return (2011 tax year). Choose which household best describes your situation to see how your tax rate may change.

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