Your taxes will (probably) go up on January 1, 2011

http://finance.yahoo.com/taxes/article/110005/how-the-expiring-bush-tax-cuts-affect-you?mod=taxes-advice_strategy

Executive Summary:

Most of the "Bush tax cuts," passed in 2001 and 2003, will expire on the first day of 2011, since the current Congress is unlikely to extend them.  Many people may think this will not affect them, but will only affect "the rich," but they are mistaken. 

Every income taxation bracket will go to a higher percentage.  The "marriage penalty" returns.  Other exemptions (i.e. for state and local taxes, charitable donations) are likely to be eliminated.

Opinion:

Please, please, please look at how this will affect you before January 1st, (try) to plan accordingly, and vote accordingly in November.  This should be a huge campaign issue, but that will depend on whether or not the mainstream media can drown it out with other less important things.  We need less spending, not an increase in taxes, because an increase in taxes will just prompt people and businesses to hoard even more money than they are now.  There can be no economic growth if that continues to happen.

Oh, and all you people that actually believed that Obama wouldn't raise taxes on anyone that makes less than $250,000?  How would you like your crow?