Surprise!

23 Million Americans Have Had Their Taxes Increased an Average of $3,900 This Year--But May Not Know It Yet

Almost 23 million American households have already had their federal taxes raised by an average of $3,900 this year--but may not know it yet.

They could get a big surprise when they prepare their tax returns next year.

Among those subject to this already-in-place tax increase are some families making less than $50,000 per year, and virtually all married couples earning between $100,000 per year and $500,000 per year, according to data published by the Congressional Budget Office.

This is despite the fact that President Barack Obama has promised not to increase taxes on any individual earning less than $200,00 per year or on any household earning less than $250,000.

This tax increase on almost 23 million people is already in place because a temporary reprieve for many middle-class taxpayers from the Alternative Minimum Tax that Congress passed last year expired on Dec. 31, 2009 and has not been in effect for 2010.

Link:
http://www.cnsnews.com/news/article/millions-middle-class-americans-may-soon