It has been a tough few years for the majority of the country. Many have felt the sting of the "Great Recession, " confronted hurdles of roller coaster volatility in the stock market, gloomy predictions of national debt unexpected layoff and unemployment, and suffered, with friends and loved ones through a foreclosure or a short sale These ha been historically trying times for everyone. The next hurdle is coming in 2011, namely, Higher Taxes. Higher taxes are a scary prospect in a fragile, recovering economy. While it seems contradictory to have higher taxes right now, there are a few reasons why this is likely to happen The national debt is rising, Congress is uncertain in an important election year, and current tax break legislation expires this year. All of these issues point to the most significant tax changes in a decade.
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