Senate Bill Will Increase Taxes on 77% of US Households

The bill that passed the US Senate today will increase taxes on 77.1 percent of American households.
The Washington Post reported:

The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.

More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.

The heaviest new burdens in 2013, compared with 2012, would fall on top earners, who would face higher rates on income, capital gains, dividends and estates. The top 1 percent of taxpayers, or those with incomes over $506,210, would pay an average of $73,633 more in taxes.

Much of that burden is concentrated at the very top of the income scale.

The top 0.1 percent of taxpayers, those with incomes over about $2.7 million, would pay an average of $443,910 more, reducing their after-tax incomes by 8.4 percent. They would pay 26 percent of the additional taxes imposed by the legislation.

The House is expected to vote on the bill tonight.

Get news like this in your Facebook News Feed,
Gateway Pundit

Facebook Comments

Disqus Comments

  • Patty

    Americans will never make it. Struggling so much now, this will literally destroy families.

  • Ella

    We ought to create a thriving black market. If you need stuff repaired in your home, offer to pay the contractor under the table. Win win for both parties.

    This is how it works in socialized Western European countries. There is actually some stuff we can learn from them.

    Starve that nasty government beast any way you can.

  • Sasja

    Isn’t this wonderful news? /sarc.

  • Patty

    #2 January 1, 2013 at 7:22 pm
    Ella commented:
    :) I like the way YOU think!!

  • ★FALCON★

    And a 2 am vote in an attempt to out-democrat the democrats.

    Boehner / Done.

  • Lemonaidd

    What a steaming pile of horse manure is this ill conceived eleventh hour tax bill. Americans deserve better from these clowns in congress and the bloviator in chief.

  • Patty

    They really are the FILTHY Rich. I wish we could clear them all out of office tomorrow, better yet, tonight. What do they care they go back to their beautiful homes, fancy dinners, chauffeured limousines. FOR CRYING OUT LOUD!!

  • Patty


    ‘No ma’am’: Letter from U.S. Marine to Dianne Feinstein goes viral

    Senator Dianne Feinstein,

    I will not register my weapons should this bill be passed, as I do not believe it is the government’s right to know what I own. Nor do I think it prudent to tell you what I own so that it may be taken from me by a group of people who enjoy armed protection yet decry me having the same a crime. You ma’am have overstepped a line that is not your domain. I am a Marine Corps Veteran of 8 years, and I will not have some woman who proclaims the evil of an inanimate object, yet carries one, tell me I may not have one.

    I am not your subject. I am the man who keeps you free. I am not your servant. I am the person whom you serve. I am not your peasant. I am the flesh and blood of America.

    I am the man who fought for my country. I am the man who learned. I am an American. You will not tell me that I must register my semi-automatic AR-15 because of the actions of some evil man.

    I will not be disarmed to suit the fear that has been established by the media and your misinformation campaign against the American public.

    We, the people, deserve better than you.

    Respectfully Submitted,
    Joshua Boston
    Cpl, United States Marine Corps

  • Patty

    Sorry, just saw the topic. Please forgive my post.


  • SteveB

    That’s called their “FAIR SHARE”? What would be an unfair share, all of it?

  • ★FALCON★

    I’m all for liberals and communists being taxed at 150 percent. They wanted a huge government let them fund it.

    I use no government services – and I’m not paying more than 15 percent. I won’t claim income and I’ll hide it. I’ll also just give it away on the form of charity.

    That’s that.

  • Ella

    Patty, you know what else happens in socialized Western European countries? They turn each other in. There are all kinds of Whistleblower phone numbers that you can call when you discover your neighbor has somehow managed to buy a new car on his disability benefit.

    Makes for a wonderful society. PUKE.

  • Patty

    Higher Taxes for more spending. It is called a vicious circle. We are paying more taxes for what? THEIR SPENDING. America and Americans are broke, they are bleeding us dry. They are killing off America on purpose. There is no other explanation for this ruthlessness.

  • Patty

    #12 January 1, 2013 at 7:42 pm
    Ella commented:

    I think I call that, COMMUNISM and or OBAMA!

  • shibumi

    Not a problem, because O’s base is unemployed and doesn’t pay taxes. So in their world, it’s all good.

    We however, are screwed completely.

  • Paul

    The entire senior GOP acts like “made men”. I’d wager that the DNC has dirt on each and every one of them … that’s why they just play at opposition, yet never go for the jugular … they’re all tainted and bitches of the DNC. After all, how do so many of them arrive men and women of modest means, yet after a few years are magically rich. All their stock picks are amazingly successful for one … and I’d bet many have dark dirty little secrets made in the bed that only the DNC knows .. and uses. America is now Chicago.

  • Patty

    #15 January 1, 2013 at 7:49 pm
    shibumi commented:

    My feelings are, if they matter a hill of beans, we were screwed on Jan. 20, 2009.

  • Patty

    #16 January 1, 2013 at 7:50 pm
    Paul commented:

    America is Chavez country. We are digging a deeper and deeper hole each day.

  • Conservative Ken

    Time to oust Boehner.
    Here is a link to Heritage Action’s scorecard. We need to take a look at the top GOP Representatives and look to replace the crying man.

  • Patty

    Can’t stand the guy but who is running America.

    Him, Soros or the Bankers.