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Expiration of Bush Tax Cuts: How Will It Affect You?

Benjamin Franklin wrote that "nothing is certain but death and taxes," but that is only half-true. There is absolutely nothing dead-certain about taxes this year. Unless Congress acts soon, almost all of the "Bush tax cuts" and credits that were enacted in 2001 and 2003 will expire at the end of this year. Most financial analysts and Washington insiders say they don't expect that to happen. But if it does, you -- the American taxpayer -- are in for a tax hike. A big one.

View Source: http://www.foxnews.com/politics/2010/10/11/expiration-bush-tax-cuts-affect/