Talking about this in our household. Sounds like our federal income taxes will be going up in the range of $600 per month. Plus the increase in health insurance premiums. And increases in local taxes. We had been hoping to buy a car and/or have some home improvements done next year. We will not have the money to do this if the so-called Bush tax cuts expire.
Our health insurance is going to go up next year (I have to switch to my husbands plan,(my company is changing to crap coverage - that will cost me a lot out of pocket) and it charges a lot for family coverage, I have no idea how much our taxes are going to go up but I’m really worried about how much less we will have coming in next year....it’s already pretty tight now...10 years ago we were on top of the world....today, just trying to keep swimming.