But, but Barack promised!
My taxes would never go up...
I’m seriously thinking about switching my vote, and unfriending him.
Let's see, if you are in the first tax bracket, up to just $17,400 (married) your taxes will go up 50% (from 10% to 15%). Oh and not only that, but your Social Security Tax will go up 30% (from 4.2% to 6.2%) but remember there is no personal exemption on that.
For the next tax bracket, which I will call middle class, your Federal Tax rate will not go up; but you will still pay the $870 on your first $17,400(married). But since there is no exemption on Social Security taxes you will experience the 30% (4.2% to 6.2%) increase on all your income.
Oh and I won't mention the ObamaCare Premium notice I saw in my Open Enrollment "increases due to the Patient Protection and Affordable Health Care Act".
The thing to remember is that Obama knows he extended the Tax Cuts through 2012 and had reduced the Social Security taxes this year as well. So he KNOWS that he and the Democrats FAILED to extend them again before the November Election. He knows your premium would have to go up to cover more free stuff (like Sterilization Surgeries). He knows and is holding his breath.
So look into your Open Enrollment - Is your Premium going UP?
Please, everyone, remind Obama and the Democrats of this failure and your displeasure of having your taxes and healthcare premiums raised just before an election. Thank you.