Godlike Productions - Reply to Thread

Users Online Now: 1,648 (Who's On?)	Visitors Today: 573,432
Pageviews Today: 747,983	Threads Today: 225	Posts Today: 3,031
06:37 AM

REPLY TO THREAD

Subject Senate-Passed Deal Means Higher Tax on 77% of Households

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message 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.

[link to www.bloomberg.com]

Pictures (click to insert)





\| Next Page >>