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To: SeekAndFind

Newsmax

Senate-Passed Deal Means Higher Taxes on 77% of Households
Tuesday, January 1, 2013 02:10 PM

By: Richard Rubin

The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.

More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.


9 posted on 01/02/2013 6:41:38 AM PST by KeyLargo
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To: KeyLargo

Did the rate on Capital gains go up?


12 posted on 01/02/2013 6:54:06 AM PST by AppyPappy (You never see a masscre at a gun show.)
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