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How the tax increases will affect households at different income levels

How the tax increases will affect households at different income levels

Posted: Jan 02, 2013 12:21 AM PST Updated: Jan 02, 2013 12:21 AM PST
By The Associated Press

The tax package passed by Congress will prevent one set of tax increases from hitting the vast majority of Americans, but it won't stop them all. A temporary Social Security payroll tax reduction is expiring, hitting nearly every wage earner, and income taxes on the wealthy are going up too.

Annual income: $20,000 to $30,000
Average tax increase: $297
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Annual income: $30,000 to $40,000
Average tax increase: $445
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Annual income: $40,000 to $50,000
Average tax increase: $579
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Annual income: $50,000 to $75,000
Average tax increase: $822
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Annual income: $75,000 to $100,000
Average tax increase: $1,206
___
Annual income: $100,000 to $200,000
Average tax increase: $1,784
___
Annual income: $200,000 to $500,000
Average tax increase: $2,711
___
Annual income: $500,000 to $1 million
Average tax increase: $14,812
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Annual income: More than $1 million
Average tax increase: $170,341
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Source: Tax Policy Center



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Do these

amounts include Obamacare too? or just income tax increase?

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift

I just went off of the title for my joke but

damnnnn, that last one, if it's true is fucked up.

I guess it's "All men are created equal, but taxed unequally"

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

All men And Women Created Equal In The US.....Except For...

The Congress, The Supreme Court and President Obama...

Here's my breakdown.

Poor: Fucked
Middle Class: Somewhat fucked and angry
Rich: Loopholes to get out of paying it

:)

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Yea, and Obama Said Last Night, 'We Must All Pay Our Fair Share"

Fair Share!!!

Yea, he can say that just before he leaves for Hawaii...Another $3 Million dollar bill to the US Taxpayer...

'We Must All Pay Our Fair Share'

'From each according to his ability, to each according to his need'

If you combine his words with his actions, I guess we can see where Obama got his ideas from. His hero, Karl Marx.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Everyone should request a new W-4 and claim 5 dependents...

or quit and start doing odd jobs for cash.

Another Good Idea!

Thanks for your thoughts

"or quit and start doing odd jobs for cash."

Yep, that will be me soon. First, I'm lowering my economic footprint so I won't need near as much "money".

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Great!

If you can do it...DO IT!!

I'm working on it with a feverish pitch!

.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

There is a lot more. I have

There is a lot more.

I have a family member that is a military civilian employee. Low level. Maybe makes 50k/year. He just received his check and it had $400 additional in taxes he said.

OMG!!

That's terrible!

Thanks for the info.... thelastbill