Look at just the INCOME tax changes (the article describes many, many others)...
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
So.... if you were in the 10% bracket this year and paid $1,000 Income tax.... you will be paying $1,500 next year ..... that is a FIFTY PERCENT INCREASE in your income tax !!!
Strange ...... I thought Obama promised no tax increases for those earning less than $250,000.
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