Skip to comments.Bush Tax Cuts Expire: How Much More Will You Pay? (Tax Hike Calculator)
Posted on 10/29/2010 8:14:00 AM PDT by facedodge
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In 2001 and 2003, President George W. Bush signed two major tax cuts into law. The 'Bush tax cuts' were enacted with expiration dates, most of which are scheduled to vanish on Jan. 1, 2011. Enter your taxable income into the interactive to see how much more you would be paying.
(Excerpt) Read more at apexchange.com ...
I pay $1,274 more than I do now, a 11% increase.
Ouch. Damn, that’s gonna hurt.
Bump for home: I’m going to paste this url to a Facebook update so that others can see how much obama is taking from them.
I’m going to pay $1800 more, and that is not taking into consideration that the child credit is cut to $600.
Oops! Wrong comment!
$3,800 more...WTF!? We have a crisis in this country and it’s called “BIG, corrupt government”.
My wealthy, miserly uncle always used to say the secret to wealth was to not pay taxes. Legally, of course. If the government pushes to get more, and if the new Congress cannot reverse it immediately, we must adapt on our own and find better ways to use the tax code defensively. And, BTW, this very phenomena is *exactly* why tax revenue goes down, not up, when there is confiscatory taxation. Our ideologue-in-chief and his minions are victims of an arrested intellectual maturation process, and apparently do not yet see the economy as a natural system with predictable, intractable behaviors. It would be easier to legislate against gravity.
It's likely Congress will come up with some 2000 page half-ass adjustment that nobody can figure out.
We’ll pay $2000 more in taxes, plus our health insurance is going up $2400 a year, plus we’ll likely pay the new out-of-pocket costs of $2800 a year due to a recurring medical condition my daughter has, plus we’ll lose $1600 worth of child tax credit.
Between 2010 and 2011 we’ll be down $8800 and I don’t know where we’re going to find it....
I just threw up in my mouth a little
That is the point.
$2700 more. And I DON’T make more that $250k. Thanks for nothing Barry.
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