Skip to comments.Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under
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 knew this. Everyone knew this.
But John Boehner decided not to tell the media.
What part of the new law auto-signed by Obama while on his way to Hawaii says that someone making $30,000 will pay more Federal Taxes than last year? What part?
This hypothetical person’s paycheck takehome will go down but not because of Federal Taxes that I’m aware of. The law keeps the 2004 Bush Taxes cuts for them in place.
What this is really all about is that 2% of their paychecks for SS - back up to the same percentage they (this $30,000 earner) paid a couple of years ago.
Don’t vote for the ass-clown ... and then whine when you get what you voted for. Pay your ‘fair share’.
“Everyone knew this.”
except the Odumbo voters. Taxes? What taxes? That’s a white man’s problem..
This is a good thing. The working poor aren’t paying their fair share, and the rich already bear the majority of the load.
Oh yeah, I see it coming down the pike, just like that..
Would that be the juvenile section he’s in?
Wait until Obamacare kicks in.
How long before obama signs an executive order dropping it back?
Time to eat your peas.
And anyone who thinks that that SSI deduction goes into some account for your SSI....I've got news for you!!! HA!HA! ROFLOL!!!
When companies have to match every employee's SSI payment...it's a tax. When the self-employed have to pay double it's a tax. And when you die before 64 yrs of age...the Feds TAKE IT ALL!!!!!
It's a freaking TAX!!!!
And it's a freaking RIP-OFF!!!!!!!!!!!!!!!!
He can’t. The Senate had the county running on continuing resolutions for four years because they all believed that fate would save the from reality. The 2012 election sealed their fate. Stalemate. Both parties expected to take over all 3 branches. Nothing had changed and the day of reckoning comes on Jan 1, 2013. It was the milk subsidy time bomb and other time bombs which ultimately forced the Senate to act. Congress cannot run on continuous resolutions any longer since this crap sandwich passed. All revenue bills have to start in the GOP controlled house. Not gonna happen. We can thank ourselves and the Tea Party members in Congress for making the Senate act by not caving like Bonor.
To all people who voted democrat and who actually work for a living; No thank you for being as stupid as you are. Stupid is as stupid does and you all done did it to yourselves, your children, and to all of us who know that many of you are too stupid to live as you are such greedy fools to beleive that hurting others livelihoods wouldn’t hurt your own. Your wrong by a long shot as now you will be paying higher taxes out of your own monies because you are nut case nazis.And wait to see what your commiunist elect dictator will do when gas prices, food, clothing, and taxes soar as jobs decrease and companies close shop.
Democrats are an ugly,evil,arrogant and ignorant people who are dead in the water and who will sink all people around them by thieving and stealing others hard earned money.
I knew all that. I guess you didn’t see where I said it was a scam. My original comment was that good or not, it is technically insurance not a tax.
The reason I said this is because to let the media and Democrats intentionally mislead some who don’t know better only let’s them frame the argument like they always do. If you can’t see that I don’t know what else to tell you.
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.
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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