  taxmageddon begins on january 1 2013  1 bushera tax cuts are scheduled to expire 2 investment income taxes increase 3 estate gift taxes increase 4 earned income taxes increase 5 penalty for married joint filers returns 6 child credit will be cut in half 7 the tax rate everyone pays on the first 8700 of wages will jump from 10 percent to 15 percent tax tax tax why don rsquo t we ever hear about budget cuts from the democrats  for an article on the coming tax increases click on the following story link  http wwwwashingtonpostcom business economy endofpayrolltaxholidaysetsupharderhitfortaxpayers 20120216 giqanxqtmrstoryhtml tid pmbusinesspop 19 i thought there were i thought there were obamacare taxes too medical device tax etc  