Posted on 11/09/2012 4:29:29 AM PST by tobyhill
American households face an average tax increase of $3,500 if Congress doesn't act to avert the fiscal cliff, according to a new analysis from the Tax Policy Center.
Overall, 88% of households would end up with higher taxes.
,,,,
By contrast, households making up to $20,113 would see a $412 average increase. That may simply represent a smaller refund to those households, many of which have very little if any federal income tax liability to begin with.
Households in the middle -- with total incomes between $39,790 and $64,484 -- can expect a roughly $2,000 increase.
(Excerpt) Read more at money.cnn.com ...
This is insanity. Americans face this because SPENDING is higher than tax revenue. If Americans want a super-charged Welfare State that eats up 24% of GDP, then they have to pay for it. And its a Hell of a lot more than $3,500. Some estimates are that you’d need a middle class tax hike of more like $8,000 to $10,000 per year to pay for our Welfare State. Where the Hell does CNN think this money is coming from to pay this if not the Middle Class? Surely they aren’t stupid enough to think that Obama’s “millionaire” tax increase is going to cover it.
Spread the Pain!!
One reason Texas and Oklahoma have not moved leftward is that the influx of Northern people has mostly come from the Midwest, rather than California and the Northeast. The suburban counties around Dallas, Houston, and Austin, places where the Midwesterners have migrated, voted for Romney by 2-1 margins.
Note to the chambers of commerce in the South Atlantic and Rocky Mountain states: encourage Midwesterners to migrate and discourage Northeasterners and Californians from doing so.
It is truly one of life's great pleasures.
If they can't afford heat in the north they can't afford AC in the south.
GOP should not do a damned thing.
Let the democrats own the failure.
I say all the GOP in the House should go golfing with Obama .
NOPE. Won’t happen. Obamugabe promised middle class won’t pay more taxes.
Obamugabe, our Lord and Saviour, keeps his promises to all of us peasants.
Indeed, all economic misery is now ON THEM.
I don’t really care anymore if they blame us, blame the republicans, or blame Bush,
as long as they experience the consequences of their choices.
Yep, for these economic/tax issues,
whenever the vote comes up in the House,
simply abstain.
Oh it will when ALL Bush Tax cuts expire and there’s not a damn thing the Rats can do about it as long as the GOP refuses to play their game.
We’re messaging this completely wrong.
We aren’t letting the bush tax cuts expire. We’re letting the Clinton Tax Increases take effect. People LOVE Bill Clinton, so they should have no problem returning to his tax code.
Bruce Springsteen can pay mine.
Not when they see their actual taxes go up. Remember, stupid people love tax increases as long as they’re being levied on someone else.
I’m absolutely serious about the Clinton Tax Increase messaging. People hate Bush, so see ending his tax cuts as a good thing. We need to take Bushes name out of the equation.
We arent letting the bush tax cuts expire. Were letting the Clinton Tax Increases take effect. People LOVE Bill Clinton, so they should have no problem returning to his tax code.
This can't be emphasized enough!
In this supposed "Forward" thinking era, the Obama regime wants to go backward to the Clinton Era tax rates.
That really should be the debate-should we go back to the Clinton Tax rates, or keep the Bush tax rates?
Everyone should vote Present.
Lets Just leap headlong off the damn thing...
Won't work. The libs are already embracing a return to the Clinton tax rates, crowing about how great everything was in the 90's.
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