Contact

Main Website: Citizens Defense Coalition Email us at: CDCjournal@yahoo.com

Tuesday, April 13, 2010

YOU LIE: $3.9 billion tax increase on the middle class - in one year alone
Via The Hill





Hey, remember this?



Somewhere, Joe Wilson is laughing.

Taxpayers earning less than $200,000 a year will pay roughly $3.9 billion more in taxes — in 2019 alone — due to healthcare reform, according to the Joint Committee on Taxation, Congress's official scorekeeper.

The healthcare law contains tax breaks for individuals purchasing health insurance, but the breaks phase out for those making $88,000 a year.

Couples earning less than $250,000 will also nicked by the tax, but the exact number is unclear. The JCT lumps this income level in with those making at least $500,000. It estimates that 58,000 taxpayers earning between $200,000 and $500,000 annually will pay $74 million more in taxes in 2019.

CLICK HERE to read the entire article

No comments:

Post a Comment