How Looming Tax Hikes Would Hit Typical Families

[Pudfark]

A look the tax increases facing typical families:

-A married couple with two children and an income of $100,000 would pay $7,935 in income taxes and $5,650 in payroll taxes this year, for a total federal tax burden of $13,585. Next year, they would face income taxes of $11,919 and payroll taxes of $7,650, for a total federal tax burden of $19,569, a total tax increase of $5,984.

-A married couple with no children that makes $60,000 (each spouse earns $30,000) would pay $5,105 in federal income tax for 2011. Their income taxes would rise to $6,308 next year and their payroll taxes would rise from $3,390 in 2011 to $4,590 in 2012.

-A single mother with three children and an income of $40,000 would benefit from the earned income and refundable child tax credits to receive a tax refund of $2,626 for 2011 and pay payroll taxes of $2,260 for a total federal tax burden of -$366. Under higher rates in 2013, she would owe $183 in income taxes and pay $366 more in payroll taxes.

-A married couple earning $200,000 (one spouse earns $150,000, the other $50,000) would see their income tax bill jump almost $6,000 (from $34,587 to $40,545) and their payroll taxes rise $3,358 ($9,742 to $13,000).

-A married couple earning $1 million faces income taxes of $311,344 for this year. That would jump to $354,224 next year at a maximum rate of 39.6 percent. They would pay almost $4,500 more in payroll taxes.

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Source: Tax Foundation

On the Web: http://interactive.taxfoundation.org/ta ... calculator

[Buzz]

Life's a bitch. Then you die.

[Pudfark]

Life's a bitch. Then you die.

Now, now....Buzz
It's your guy doing it.
What about all them "poor" folks?
Oh....no problem....it ain't hard to make'm.
Did ya swap teams?

[Pudfark]

Oh, I like the new sig pic Buzz
The Obama one probably looks similar...though, covered with crisco..

[Buzz]

Life's a bitch. Then you die.

Now, now....Buzz
It's your guy doing it.
What about all them "poor" folks?
Oh....no problem....it ain't hard to make'm.
Did ya swap teams?

They're too poor to pay taxes. They'll be poor and out in the street if Romney wins.

[HappyHappy]

Fuck em. Tell them to go home or get a job.

Obama sucks.

HH

[Buzz]

Fuck em. Tell them to go home or get a job.

Obama sucks.

HH

Not sure what you mean by go home? These are Americans who are retired.

Obama is a sweetheart compared to your stupid ass.

[Pudfark]

So? Buzz...you've said yer for the "poor" folks...Does that mean, yer fer the "established" poor folks, them with some history? Not, the new, forthcoming poor folks?

Seems to me...You and your "sweetheart" are gonna be printing checks, faster than you can the money.

Four more years of "No Budget" oughta help?
Makes the math easier.

[ruggbutt]

If Buzz is living mountain man style he's most likely not paying taxes.

[Buzz]

I've already paid my share. I live off the money I made, and some gold prospecting. I donate my SS check to the mission, and don't use medicare.

I don't need the government, but a lot of people do.

I'll say it again. I don't like some of the things Obama does. I would like what Romney will do, even less.