Americans would shell out as much as $5,700 more a year if the Bush tax cuts are allowed to expire at the end of 2012, according to a new analysis that highlights the perils and political consequences of the nation's fiscal cliff.
The second link has map of states with average tax from one year extension of Bush tax cuts. Texas ranks #19 with $2,229, New York is #2 with $5,452.
The government has orders to go find other forms of taxation.
Can’t they live on what they gather in taxation?
Some of this spending is buying votes.
The very rich, like romney for one, don't pay their fair share. If they did the government would be better off.
Small Business tax to go from 35 to 39%. Large Business like GM to stay at 35%. A Serf in the middle ages only paid 25%.
Tax, Tax, Tax. Spend, spend, spend.
I'm not sure how "small business" is defined, but it's no secret that corporations like GM actually pay little or no tax at all.
Somebody had better do something.
The poor arn't spending and rich are afraid to spend.
Now all the rich are having their CPA's show that they are poor.
Hello middle class, we are going to raise your taxes.
This works all the same all over the world.
I don't know what EGTRRA means.
Do you really believe what you wrote?
If they tax the people making $250,000 a year, can you understand the next step will be to tax people that make $150.000. It will just get lower and lower after they get their feet in the door.
Plus it's none of my business if a guy has a mistress or a yacht. I used to watch Bill Gates when he was doing P-code and he never went to lunch or took a break. Tht's how you become rich. Work......
darroll says: "I don't know what EGTRRA means."
That's what I thought. You should look it up. You used to watch Gates write p-code?
Darroll, EGTRRA is the Bush tax cut bill that Aggie is referring to.
(The Economic Growth and Tax Relief Reconciliation Act)
Good ole Bush.
He saved us a bundle when he warned us about the housing bubble.
I don't know but maybe Gates could not afford a PC in the old days.
Anyway he used IBM's computer in Portland and never came up for air.
You should of seen the way he dressed. That area was white shirt, slacks, shoes and a tie.