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have taxes been raised for everybody, or just rich people?
ok so, it is my understanding that taxes have been raised for people making more than $200,000 a year.
yet, i see people complaining that their paycheck has been reduced.... is there proof of this? we can't just take things for HearSay. Where can i find an online legal document prooving or disproving these claims? A bill of some sort...?
also, i don't want a picture of someone's receipt, or check....this is the internet......
5 Answers
- Truth is elusiveLv 78 years agoFavorite Answer
Income tax increased on individuals making more than $400k per year and couples making more than $450k per year. The payroll tax went up 2% which affects everyone that gets a paycheck from an employer. That means taxes went up on every working person regardless of income.
http://www.myfoxorlando.com/story/20563350/million...
Just one of many sources.
- 8 years ago
Supposedly it is only people making more than $400,000/year who will be getting a tax increase. (And many of those will be getting a tax decrease because of increased loopholes that were put into the law.) However, it is possible that many employers have set up their income tax withhlding systems based on the tax rates that had been scheduled to go into effect if the fiscal cliff had not been averted.
- .Lv 78 years ago
Wow, my taxes went way up. I'm still waiting for the raise to $200,000/year though my boss did give me a 10% raise just to offset the government extortion payment.
- FlywheelLv 68 years ago
Most people will see tax increase because the payroll tax holiday was not extended.
For a couple of years now, payroll taxes have been cut from 6.2% on most workers to 4.2%. Now, that holiday is ending, and you will likely see 2% more of your pre-tax income going to taxes.
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