BizSugar.com › Taxes › What Tax Uncertainty Means to Your Family Business

You’ve undoubtedly hear the saying, “Nothing is certain but death and taxes,” but this year, even taxes aren’t so certain. Without Congressional action, the tax cuts that were adopted during the Bush administration are set to expire at the end of the year, USA Today recently reported. But with a presidential election coming up in November, little action is likely to be taken until the election is over—which means personal income taxes, capital gains taxes, payroll taxes, estate taxes and more could all rise.