10/3/2012 10:10 AM
My local paper (East Oregonian) published this on the front page yesterday.
Looks like more bad news for the US Economy.
—A married couple with two children and
an income of $100,000 would pay $7,935 in
income taxes and $5,650 in payroll taxes
this year, for a total federal tax burden of
$13,585. Next year, they would face income
taxes of $11,919 and payroll taxes of $7,650,
for a total federal tax burden of $19,569, a
total tax increase of $5,984.
—A married couple with no children that
makes $60,000 (each spouse earns $30,000)
would pay $5,105 in federal income tax for
2011. Their income taxes would rise to
$6,308 next year and their payroll taxes
would rise from $3,390 in 2011 to $4,590 in
2012.
—A married couple earning $200,000 (one
spouse earns $150,000, the other $50,000)
would see their income tax bill jump almost
$6,000 (from $34,587 to $40,545) and their
payroll taxes rise $3,258 ($9,742 to $13,000).
—A married couple earning $1 million faces
income taxes of $311,344 for this year. That
would jump to $354,224 next year at a maximum rate of 39.6 percent. They would pay
almost $4,500 more in payroll taxes.
Sean