Accountants share last-minute tax tips njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.
Benjamin Franklin famously wrote in 1789 that “our new Constitution is now established and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Death and taxes are fated. However, are enormous tax hikes also a fait accompli? Is it a certainty – ‘an accomplished fact’ – that the White House and Congress will repeal tax reforms that worked? Tax breaks that helped small business owners and families.
This year everyone (who pays taxes) knows that Tuesday, April 18 was Tax Day. What we need to know is that Dec. 31, 2025, will be a devastating day for most taxpayers – Tax Armageddon Day. As Franklin warned, “nothing can be said to be certain, except death and taxes.” However, Dec. 31, 2025 doesn’t have to be a fait accompli, not if Congress acts and the American people go to the polls in 2024 knowing that tax hikes are coming in 2026.
Tax Armageddon Day Is Coming realclearpolicy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realclearpolicy.com Daily Mail and Mail on Sunday newspapers.