2009 has been a bad year for people with and without money. Unemployment increased and the Senate has increased the debt ceiling. This means that more than ever people are trying to find ways to save a bit of extra money. It’s important to stay ahead of the game if you can, and with the help of the people over at Roni Deutch I have come up with a few to watch out for next year.
The first tax that Roni Lynn Deutch mention is Value Added Tax, or VAT. This is a system common in England and other parts of the world. Effectively it means the government levying tax through purchases, which unfortunately will likely result in lower public spending, another thing that might push the country further into recession.
The tax most likely to hit the rich is the Estate Tax. This is a tax that comes into force if you inherit an estate worth in excess of $1 million. If this is the case you could see yourself being charged as much as 55 percent of the value.
The final one to watch out for is a stealth tax on health care plans. There are whispers that the govern,ent are considering having employees health benefits be shown on their W2s forms in order for accountability against their annual wages.