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.
“But, but Barack promised! My taxes would never go up... (”
That’s only for the 47% that never pay income taxes, you remaining subjects can go to hell!!!
Yes, my bi-weekly premiums are up, but not radically, about $15 every 2 weeks, off the top of my head. But, I am in the former Land of Sebelius, and as a state employee here we have suffered all manner of nonsense, from tobacco cessation incentives, to healthy habit incentives, offering discounts and $50 coupons ( I used mine to by ammo at Cabela’s one year). We’re on a tiered system so employees making more pay more; it doesn’t matter if I have one kid or seventeen (but I better not smoke) or weigh 600 lbs (but I better not smoke). I actually had to go to a doctor ( I think she was, anyway) this year for the first time in 20 years after I rotated my sacroiliac joint busting a rusty rear leaf spring hanger loose to save a couple dollar bolt.
Cost me like $500 to get it figured out and fixed, by an astute physical therapist, finally, after much nonsense.
Probably could have got it done for$100 at a chiropractor.
And I hadn’t had a claim in 20 years for myself.
Had scrips, x-rays, some gee-whiz BS-gram over a 2-week period and eventually 15 minutes with a bonecracker fixed it. I’ve had sciatica before (used to shoe horses) so am not a stranger to back/leg pain, but I could always fix it myself. I’m thinking it will be another 20 years before I go again...
Sorry for the diatribe but I’m not impressed with the trends in healthcare!