Posted on 01/04/2013 12:26:55 PM PST by lowbridge
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
(Excerpt) Read more at dailymail.co.uk ...
We will all pay more indirectly, if not directly, because tax increases on the "rich" always result in higher prices for goods and services. Tax increases are passed on to consumers (you and I).
People now paying nothing in taxes simply do not care, as long as they get their free "Obamaphones," and another extension of their unemployment benefits. Some of the unemployed are working "on the side" to supplement their unemployment benefits, I suspect.
Those feeding off the "largesse" of the government now outnumber the fewer voters actually working for a living. If not already, we will all be working for the union thugs.
See my tagline
The “little guy” will just never figure out what happened. Rush Limbaugh explained all of that on the Jan. 4, 2013, broadcast. The little guy is too dominated by the national media if he is aware of much at all.
You are so right; all the “little guy” knows is to blame such matters on Republicans, who don’t act very “republican” at all.
Economics profs have never been able to explain to the “little guy” how all taxes are ultimately borne by the “little guy.” The little guy just looks for “free things”. And for that matter, it’s not just the “little guys” but the soccer moms too who have put us all in peril.
Some of the taxes kicked in on 1/1.
I’m afraid the “little guy” has no idea how “expensive” are the “free things” he seeks. I don’t see how he can learn with so much demagoguery.
Only the British papers are reporting this?
Nope...missed your original comment.
Sorry
If you earn $30,000 a year you Don’t Pay any Income Taxes and you should, we are only talking about a small portion of your Social Security Tax, 2%. If there was true fairness Everyone would pay 15% + their 17.4% Social Security and Medicare TAX. Which by the way is what all of us who are Self Employed Pay. Personally I think it’s high time we ABOLISH the “Victory tax”, Make everybody write their OWN CHECK in FULL every Year. I mean the War did end right??
For the Public School Grads that might read this, the “victory Tax” is what is called “mandatory withholding” today. It was implemented in WW2 as a measure to finance the war and was passed as a “Temporary wartime measure”
Yeah but I’m talking about the ones that kick in next year, 1/1/2014. They’re coming.
Anf the irony is that many are Dim voters who thought tax in creases were fine (for the rest of us), and who argued that letting a tax cut expire was not really a tax hike. I wonder if they feel like they just got a tax hike.
Well we noticed it — less money in the bank and that’s just due to SS increase? Now we wait for deathcare, etc to kick in and prices to go up. I’d like to say thanx a lot to all the idiotic dopes who voted for the Kenyan Klown and his hate America crowd.
You are the ones my tagline refers to. Now suffer your choice of a puppet, a teleprompter-dependant, affirmative action pResident.
If or when you do run into them, just tell them “Mission Accomplished” (I’m sure that will ring a bell with the lefties). Obama lied again and got re-elected. Telling lies and making empty promises is all he ever needed to do to fool the morons of America. Sad, that.
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