This is a reprint from Ahern & Associates. Learn more at http://www.ahern-ltd.com.

As of January 1, 2011 the Kiplinger Report, shows the largest tax hike in the history of America , will take effect;

This is going to impact families, and;

It’s going to impact small businesses in 3 great waves.

FIRST WAVE

In 2001 and 2003, Congress enacted several tax cuts for investors, small business owners and families. The 2001 and 2003 tax relief will expire on January 1, 2011.

Regardless of what the administration has stated, personal income taxes will rise;

The top income tax rate will rise from 35% – 39.6% (this is also the rate at which 2/3 of small business profits are taxed).

The lowest rate will rise from 10% – 15%, and all the rates in between will also rise.
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