Taxes increase “unexpected” for middle and lower class
Surprise! Really, it’s not a surprise at all. The low-information voters out there had heard from President Obama that taxes would only increase for the top 2 percent, but he only told a half-truth. and barely at that.
Let’s start off with the fact the payroll tax holiday was implemented as a short term – two year – reduction in the tax from 6.2 percent to 4.2 percent. If Mitt Romney was elected president, would the payroll tax holiday have been extended? I have no idea, but one thing you can not argue … President Obama told every audience he’s spoken to that he only wanted the rich to pay their fair share.
The campaign, the president and every other Democrat never mentioned your payroll tax holiday would expire and your taxes would go up. They were silent on the issue. I knew it was coming, but a lot of Democrats who voted for Obama had no idea. The president and Democrats in congress remain silent even after the paychecks hit … they are ignoring what happened.
With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters.
“What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will hurt those making over 400 grand. What happened?”
I’ll tell you what happened buddy. You did not pay attention to the facts, rather you just listened to Obama and Democrat soundbites. In other words, you’re a low-information voter.
In fact, the Fiscal Cliff deal – that just kicks the can down the road – only raised income taxes on the top .5 percent, not top 2 percent, and everyone in Congress let the payroll tax expire. The sunset of the payroll tax holiday will bring in billions more than the rate increases for the top .5 percent of earners.
Don’t like it? Tough, you voted for him and now middle class workers will be paying a higher percentage of tax than those earning $200k to $500k.
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.
More coverage of the outrage over at Michelle Malkin’s Twitchy site … Crushed unicorn dreams of my father. Don’t take all of those tweets as fact … I’m sure some are sarcastic and some may be fake … but you can’t deny what happened to the first paycheck of 2013 can you?
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