OWN IT: Top 5 States to be Hit Hardest by 2013 Tax Increases — Supported Obama! | Conservative Byte

OWN IT: Top 5 States to be Hit Hardest by 2013 Tax Increases — Supported Obama! | Conservative Byte


OWN IT: Top 5 States to be Hit Hardest by 2013 Tax Increases — Supported Obama!
Posted on November 23, 2012


Families in Hurricane Sandy-ravaged New Jersey will face the highest tax increase as a percentage of their income – 6.82% or about $6,933 more in taxes — if Congress does not reach an agreement on the fiscal cliff tax issues during the lame-duck session, according to an analysis by the Tax Foundation.

In its study of how the fiscal cliff would affect typical families in each state, the Tax Foundation reports that if the numerous tax provisions that are due to expire on Dec. 31 are not changed, a four-person family in New Jersey with a median income of $101,682 will see its taxes go up at a rate 6.82 percent of its income, which translates into about $6,933.

The tax issues in question are the expiration of the Bush tax rates, which also include the elimination of the 10 percent tax bracket and the reduced deduction for married filers; ending the 2 percent cut to employee-side Social Security taxes; and the Alternative Minimum Tax.

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Phillip_in_TX • 9 hours ago
Good for them! They "own" it, they can "keep" it.
16  •Reply•Share ›

2War Abn Vet  Phillip_in_TX • 2 hours ago
The Germans have a word for it - Schadenfreude
0  •Reply•Share ›

Arthur Anderson • 9 hours ago
Good, good and more good.......taxes, taxes and more taxes........I hope to hear soon about Democrats calling for Rosebuds impeachment...they just thought that those rotten white people would be the only ones having to pay the taxes.... I can't hardly wait to hear them wail when they see the first tax deductions from their first paycheck in 2013.....
then they will wake up to exactly what they have done to this country and how they have fuct theirselves in so many ways........not to mention the loss of their freedom........asshats....
14  •Reply•Share ›

Racso41 • 9 hours ago
They deserve all they get they wanted Obama so they have him. Good Luck
13  •Reply•Share ›

Moose • 8 hours ago
Lets face it, the whole country will be hurt by these idiots in government. The best thing that could happen is to put term limits on all Congress and all Federal judges. A term of eight years just like the President. It's time for the people to raise up and take back our government.
7  •Reply•Share ›

ezekiel22 • 8 hours ago
This is the democrats problem. They own it and the economy to go with it as well as all of the under-employed. Now we will definitely have households with three or more jobs per just to pay the bills! Good luck with that.
How is that free healthcare doing for you? Just remember a day of is the one where you can get a full nights sleep. Power naps are key and eat healthy.
7  •Reply•Share ›

Susitna • 7 hours ago
When you live in California and you vote for Obama is the same as being in a hole and digging deeper.
Which is the same as suffering from the Stockholm syndrome.
6  •Reply•Share ›

Observant_One • 7 hours ago
Liberals deserve what they voted for!
6  •Reply•Share ›

Barackwards • 3 hours ago
The worst part is the federal government will bail out these states with our tax dollars and continue to borrow more money. The liberals want to get us all to think that the debt ceiling is meaningless and apparently too many people have already bought into it. No budget on the horizon, just more spending.
2  •Reply•Share ›

Ilene • 4 hours ago
STUPID PEOPLE!
2  •Reply•Share ›

Richard Gregory • 3 hours ago
I think the real problem is the welfare does not share in the tax increases.
Welfare has "NO SKIN IN THE GAME".
They only complain when their phones quit.
1  •Reply•Share ›

Eleanor Maus • 4 hours ago
Another good reason for The guv to hug Obummer.
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