The tax burden on middle- and higher-income families would rise if the package of tax breaks is allowed to expire at year-end, according to an analytical breakdown by Deloitte Tax.
The analysis by the Big Four firm compares two families of four -- one that earns the median income figure of $63,000, while the other sample family earns $150,000. According to the experts at Deloitte, the family at the $150,000 level would absorb a tax increase of some $1,800, while the family at the $63,000 level would see a tax increase of $700.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access