Tag Archives: incomes

The Bush-era tax cuts have been extended, the alternative minimum tax is patched and capital gains rates are set. Tax breaks are in place for students and teachers, and for the most sizable estates. Congress established some of the parameters for the 2011 tax year even before the year began.

The big question confronting lawmakers was whether to extend the Bush tax cuts and for whom. Democrats had argued that the nation’s richest taxpayers should be excluded from any extension Read More