Nothing is certain except death and taxes, so the saying goes. But today, with tax rates in flux after yearend, and daily pronouncements from lawmakers — now back from summer recess — about what should happen, uncertainty reigns.
Will the Obama Administration win its battle to extend the Bush-era tax cuts for the middle class (read: couples who make $250,000 or less, and singles who earn $200,000 or less), while allowing them to expire for the wealthy?
Will the Republicans win in their efforts to have all of those tax cuts extended for everyone, including the well-heeled?
Will gridlock mean that the tax cuts simply expire?