Detailed text transcripts for TV channel - FOXNEWS - 20120417:22:01:00
Get this year's taxes in, analysts are warning about a bigger tax day. taxmageddon as in armageddon to characterize the effect on the u.s. economy. >> taxmageddon is $500 billion one-year tax hike hitting america january 1, 2013. >> the cax code is on a year to year lease and in some cases month to month lease. >> at the end of the year, some $500 billion in tax break expire at once to hit american household with tax increase of $3800 if congress doesn't act. it includes $165 billion for the expiration of the extended bush tax cut to push taxes from bottom rate of 10 to top of 35, to top rate ...
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