Just who and what will fall by the Dec. 31 deadline? We'll likely keep hanging on by our fingernails until Congress makes some difficult decisions about tax policy.
Expect to hear a lot of political rhetoric this election year. But how many taxpayers and businesses would really be affected by the proposed tax increase?
More tax code fairness is good, but it won't solve all the problems of the US economy. The reality is that everyone needs to pay higher taxes, plus undergo an attitude shift.
However President Obama's proposed tax on millionaires is estimated, it's small compared with the federal budget deficit.
Possible changes to tax rates for 2013 make it important for investors to focus now on what would normally be year-end tax planning for gains and losses.
Neither the Obama nor the Romney tax plan faces up to reality. Tax cuts with expiration dates are papering over the budget holes.
Even 40% of Republicans like Obama's proposal to make the rich pay more, according to a new poll. But voters still would rather cut spending than hike taxes.
VIDEO ON MSN MONEY
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Your health may improve if you cut gluten out of your diet, but your pocketbook will take a hit -- unless you follow these tips.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'