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FRONT PAGE  |  12/13/2017
SATURDAY, SEP 18, 2010  |  2 comments
Expiring Tax Cuts Hit Taxpayers at Every Level
Here’s some pressure for lawmakers: If they don’t reach agreement on extending soon-to-expire Bush-era tax cuts, nearly all their constituents back home will get big tax increases.

A typical family of four with a household income of $50,000 a year would have to pay $2,900 more in taxes in 2011, according to a new analysis by Deloitte Tax LLP, a tax consulting firm. The same family making $100,000 a year would see its taxes rise by $4,500.


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News Item9/18/10 1:22 PM
dingdong  Find all comments by dingdong
"If they don’t reach agreement on extending soon-to-expire Bush-era tax cuts, nearly all their constituents back home will get big tax increases."

Watch out folks the taxman cometh.

That nice Mr Obama will probably require some extra dollars to continue the program of Liberal socialism he's changing the American people to accept.

2

News Item9/18/10 12:48 AM
Neil | Tucson  Find all comments by Neil
"Today we pay taxes but our consent has been asked, and we have told the government to go ahead and tax us all they want to. We like it." - footnote in chapter on George III, from "The Decline & Fall of Practically Everybody," by Will Cuppy
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