Obama's budget plan raises taxes on 27% of households, report says

President Barack Obama's 2013 budget proposal would lead to higher taxes for 27% of U.S. households, according to an analysis by the Tax Policy Center. The proposal calls for higher taxes on corporations, which would have a direct effect on taxes paid by many households, the center reports. Meanwhile, more than 98% of individuals earning $1 million or more would see a tax increase under the plan.

View Full Article in:

Financial Advisor online · InvestmentNews (free registration)

Published in Brief: