Friday, January 4, 2013

Surprise! Low wage earners to pay more in taxes

"Under my plan, no family making less than $250,000 a year will see any form of tax increase."
~Barack Obama 

Nothing like getting their votes based on bullshit -- and then screwing them.
(Daily Mail) 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.