GET READY TO PAY MORE TAXES OUT OF YOUR PAYCHECK COME 2011

If Obama continues to toy around with the Bush tax cuts that are ready to expire the end of this year, you will be forking out as much as $440 per month for couples making $80 grand a year. If you're a smuck janitor making $20-$40 grand a year, expect a haircut of $50 per week for taxes. "YES WE CARE"

snippet> "We're kind of stuck between a rock and a hard place," said Ron Moser, head of human resources for the school district of Kenmore-Town of Tonawanda, New York, which pays about 1,900 teachers, custodians and aides each month. In upstate New York, where winter heating costs are among the highest in the country, many school employees earn between $20,000 and $40,000 a year, he said, and losing $50 in a paycheck is "a significant dollar amount."

<snippet> For a married couple with an income of $80,000, that would drain an extra $221.48 in withholding from a semi-monthly paycheck, according to calculations by the Tax Institute at H&R Block. Married individuals earning $240,000 a year would lose an additional $557.78 to withholding in a single semi-monthly paycheck. The Tax Institute at H&R Block calculated federal tax rates for single-income earners and married taxpayers without children.

Whole story here: [link to www.businessweek.com]