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Posted: 12:04 p.m. Monday, Oct. 4, 2010
By Martha Zoller
Here are the details according to the Ways and Means Committee:
http://republicans.waysandmeans.house.gov/news/email/show.aspx?ID=S5P7CKDVYCAYLFW6QMDC6HEOXI
Starting January 1,
2011, if nothing is done, $3.8 trillion tax hikes will create a tsumani on
hard-working Americans. This tax increase will affect every American who pays income taxes through higher
tax rates on individuals, families, and small businesses. Married couples and
parents will be singled out for even higher taxes, and there will be
significant tax hikes on the very investments that grow the economy and create
good jobs. Even the death tax - repealed entirely for 2010 - will be
resurrected on January 1, 2011. So far, Democrats have done nothing to disarm
this ticking tax bomb.
So how will the family budgets of typical taxpayers be affected by these
looming Democrat tax hikes?
· A family of four earning $50,000 per year could pay more than $2,100 in higher taxes.
· A single mom earning $36,000 per year could pay over $1,100 more in taxes.
· Married senior citizens earning $40,000 per year could pay more than $1,400 in higher taxes.
Pay attention Folks, it's coming and you can stop it by getting out to vote on November 2.
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