No New Taxes

Well the Terminator did a Ronald Reagan on the taxpayer when he said he was happy they did not have to raise taxes. Sorry Arnold that's been done before, Reagan did it very successfully, However the taxpayer's are not so easily fooled. This is what was done you lowered the amount we can deduct for child care by reducing the credit which is a dollar for dollar credit against tax liability, you changed the tax bracket by lowering the threshold so that more taxpayers that usually did not pay taxes are now going to see their paychecks get smaller each payday, and I am sure ther is more we will just have to wait and see as they rollout more changes.

Ross & Associates Tax Solutions