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Detailed text transcripts for TV channel - FOXNEWS - 20101201:03:06:00

Before the bush era tax cuts. average family, married couple making $80,000 a year will find roughly $221.50 taken out of every bimonthly paycheck. $440, $443 a month out of their paycheck if they make $80,000 a year. it will be gone starting january 1. just when the christmas bills come in. the second thing that will happen is the i.r.s. commissioner says this is going to put them way behind the eight ball and they re not going to be able to process tax refunds in a timely manner and they will be late. finally we will have 27 million taxpayers, once out of every six households will be subject to the alternative minimum tax, we ll have to figure the taxes twice. one at the normal rate as existed in 2000. and then at higher rates and then pay the higher tax and then pay that extra chunk of change they weren t planning on paying because they haven t passed the a.m.t. fix, the ....

Tax Cuts , Couple Making 80000 , 221 50 , 221 50 , January 1 , Alternative Minimum Tax , 27 Million , Haven T , Weren T ,

Detailed text transcripts for TV channel - FOXNEWS - 20101201:06:06:00

Before the bush era tax cuts. average family, married couple making $80,000 a year will find roughly $221.50 taken out of every bimonthly paycheck. $440, $443 a month out of their paycheck if they make $80,000 a year. it will be gone starting january 1. just when the christmas bills come in. the second thing that will happen is the i.r.s. commissioner says this is going to put them way behind the eight ball and they re not going to be able to process tax refunds in a timely manner and they will be late. finally we will have 27 million taxpayers, once out of every six households will be subject to the alternative minimum tax, we ll have to figure the taxes twice. one at the normal rate as existed in 2000. and then at higher rates and then pay the higher tax and then pay that extra chunk of change they weren t planning on paying because they haven t passed the a.m.t. fix, the ....

Tax Cuts , Couple Making 80000 , 221 50 , 221 50 , January 1 , Alternative Minimum Tax , 27 Million , Haven T , Weren T ,