I received a note from a coworker today, soliciting my opinion on an email he had received, titled “New Tax Info.” It’s one of those emails that floats around the internet, containing what appears to be a mixture of fact and fiction. I don’t think the author(s) intend to deceive on the “fictional” points, but there are certainly some gray areas. The author lists the source of the content as Joan Pride in an article in Kiplinger, “Lots of Tax Hikes Coming in 2011“. That article contains a handful of the items presented in the email, but not all.
Here’s the outline of points in the email, which makes the case that the tax code changes will occur in three waves to commence on January 1, 2011.
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