And, then there’s this.
The fiscal cliff bill that passed the US Senate and the US House will raise payroll taxes from 4.2% to 6.2%. In other words those making $100,000 a year will see their taxes increase by $2,000.
Obama needs the money.
More… Here’s more on what the middle class can expect:
The average family making $50,000 per year will see their paychecks drop by $83.33 per month ($1,000/year).
The average family making $75,000 per year will see their paychecks drop by $125.00 per month ($1,500/year).
The average family making $100,000 per year will see their paychecks drop by $166.67 per month ($2,000/year).