People are living very, very close to the edge. We are, but that’s mostly our making for now. Those on the edge are not just Obama voters getting hit, these are MANY conservatives who just want to make a go on their own that are taking it. These are tithers, workers, stay-at-home moms, and a way of life that will disappear.
Anyone hear the woman on Rush Limbaugh and how her family is already struggling and this will just make it that much harder, or impossible? I know people making around $32,000 that will be paying $900 more in taxes this year. That’s a mortgage payment, a tank of propane, lots of gasoline or nine weeks of groceries with nothing to pay them with. Thanks a heck of a lot, politicians, may our realities be yours.
No one has even ventured to guess what sort of deductions they will take away on next year’s taxes.
Do you have a copy of TurboTax from last year? If so, plug in an AGI of $32,000 with at least a couple of dependents and see what you come up with for EITC.....I’ll bet the Federal Tax is nil. In fact, you’ll likely get several hundred dollars back or even in the +$1000 range. They still have the state income tax to deal with and the SS INSURANCE assessments and Medicare insurance payments.
What I’m talking about is the rise BACK to 6.2% of paycheck for FICA OASDI, for your cited family, that amounts to $640 a year. Or about $54 a month, the same amount they’d have been paying a couple of years ago before Obama and Congress bribed them to vote for him.