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Topic: Middle-income families
could face $2,000 tax
hike next year, study shows |
Middle-income families
could face $2,000 tax
hike next year, study shows
Associated Press, by Staff
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Original Article
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Posted By:JoniTx, 10/1/2012 2:49:10 PM
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| A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire in December, according to a new report Monday. Taxpayers across the income spectrum would be hit with large tax hikes, the Tax Policy Center said in its study, with households in the top 1 percent income range seeing an average tax increase of more than $120,000, while a family making between $110,000 to $140,000 could see a tax hike in the $6,000 range.
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Reply 1 - Posted by:
mominNoCA, 10/1/2012 2:57:50 PM (No. 8902545)
But, but how could that be? Weren't the tax cuts only for "the rich"? Obama lies yet again, and lemmings with short attention spans believe him.
It's a wonder the AP printed this, though. They might expect a reprimand from the White House soon.
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Reply 2 - Posted by:
slickbgone, 10/1/2012 3:12:28 PM (No. 8902575)
If this happens I'm quitting my job. It's almost to the point where my entire income is wiped out by our tax payments. Unless we can start claiming all these welfare cretins as dependents, spousal unit & I are screwed.
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Reply 3 - Posted by:
Topic Thunder, 10/1/2012 3:26:05 PM (No. 8902609)
The government needs lots and lots of slaves working for it, preferably brainwashed and willing slaves, but any way they can get them. You and all your descendants until the end of time are number one on the hit parade to supply this army of slaves.
Think of it as Auschwitz on a slow burn.
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Reply 4 - Posted by:
Quaestio, 10/1/2012 3:32:15 PM (No. 8902623)
This is a lie. Mitt Romney is rich and only cares about himself. He is going to give all his rich friends a big tax break and to pay for it he is going to tax the middle class and the poor. I heard about it on NBC. It's a good thing reporters will not be allowed to print such lies when President Obama restricts free speech after he is re-elected.
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Reply 5 - Posted by:
snowoutlaw, 10/1/2012 3:36:00 PM (No. 8902628)
Could? $2000 is the smallest possible increase, most all will see much much more. I expect at least a $10,000 tax increase I'm with #2, no point to continue working.
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Reply 6 - Posted by:
phillyred, 10/1/2012 3:37:59 PM (No. 8902633)
Gotta pay for those Obamaphones.
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Reply 7 - Posted by:
Garage Logician, 10/1/2012 10:18:30 PM (No. 8903254)
Won't matter to the morons on election day.
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