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Workers making $30,000 will take a bigger hit on their pay t
by Cobra478 on Sat Jan 05, 2013 12:51 pm
Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal
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.
Read more: http://www.dailymail.co.uk/news/article ... ead_module
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.
Read more: http://www.dailymail.co.uk/news/article ... ead_module
Last edited by Cobra478 on Sat Jan 05, 2013 12:57 pm, edited 1 time in total.
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Re: Workers making $30,000 will take a bigger hit on their pay t
by Cobra478 on Sat Jan 05, 2013 12:56 pm
Yup, destroy the middle class and you have no economy.
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Re: Workers making $30,000 will take a bigger hit on their pay t
by -Alex on Sat Jan 05, 2013 2:52 pm
Right, the payroll tax holiday for stimulus is no more. It was set to expire in the fiscal cliff, and the deal didn't extend it.
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