90% OF US HOUSEHOLDS FACE HUGE TAX HIKE NEXT YEAR
| An average middle-class household — making between around $40,000 to $65,000 — would see an almost $2,000 tax hike next year, while those making under $20,000 a year would see their bill rise by an average of just over $400. Both groups would see their after-tax income drop by around four percent.
But households in the top 20 percent of earners would take a $14,000 hit, and those making a half million dollars or more a year — the top one percent of taxpayers — face an average $120,000 increase. That top one percent would see a more than 10 percent hit to their after-tax income. http://www.breitbart.com/Big-Government/2012/10/01/90-households-face-huge-tax-hike-in-january |
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