From the Heritage Foundation:
On this Halloween, a truly frightening specter is looming.
No amount of garlic, crosses, or exorcists can help us—only Congress and the President can chase this ghoul away.
It’s Taxmageddon.
A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, and just a few of Obamacare’s 18 new tax hikes, Taxmageddon will be the largest tax increase EVER to hit Americans. It’s nearly $500 billion in one year, starting January 1. That’s two months away.
The number $500 billion is rather large and abstract, so The Heritage Foundation has broken down the expected tax increases per person just for 2013…
