We don’t have State Income Tax here in Washington, but my property tax jumps up April 1st by $117 a month which pretty much erases any Obama Tax break.
I DID THE MATH.
My bi-weekly federal withholding LAST PAYDAY 246.54 THIS PAYDAY after the tax cut 215.77
Extra on my bi-weekly paycheck + $ 30.77 or 61.54 a Month
But I just got a letter that my Escrow is increasing $117 a months beginning April 1st due to local tax increases.
MY NET LOSS each month – $55.46. That’s Right, this middle class well below 250K worker, in fact below 100K, WILL BE PAYING MORE TAXES.
Obama was right. You won't be paying another dime of tax. You'll be paying $55.46/month. It's not a dime, so technically he didn't lie.