Assuming the Mayans Were Wrong, What Will 2013 Tax Rates Look Like?
Over the past six months, we’ve done our best to stay up to date on the tax proposals pitched by the various presidential candidates, culminating in this Obama v. Romney side by side comparison.
And while that tax tale-of-the-tape should prove useful in resolving any uncertainties you harbor as to who to vote for come November, with 2012 already nearing its halfway point and Congress stuck in its partisan morass, it’s becoming increasingly likely that regardless of who gets elected, no new legislation will be passed before 2013.
As a result, it’s probably high time we provide a comparison of what will happen if nothing happens. In the face of political gridlock, what is to become of our tax rates?
To that end, below is a comparison detailing current key tax rates, 2013 tax rates in the absence of any further legislation, as well as the proposed rates set forth by Obama and Romney. While it’s entirely possible that 2013 will end up reflecting an amalgamation of the four columns, this analysis should give you a strong idea of what options are currently on the table.
To save as a PDF, click Potential 2013 Tax Rates
Or to view as a JPEG, click to enlarge:
