Well, now that the Fiscal Cliff has been averted, we can all relax, right? Don’t count on that; now comes the argument about increasing the debt ceiling and working on the deficit. So the tax bill just passed is an opening salvo into possibly limited deductions and maybe increasing corporate taxes. See this article in the San Francisco Chronicle (SFGate) by Kathleen Pender about what is now going to happen:
http://www.sfgate.com/business/networth/article/Tax-debates-far-from-over-4170270.php
And you thought it was safe to go in the water again, huh? Beware Jaws, too!
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