Monday, December 31, 2012

Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds

The middle class has quite a gift welcoming them as the calendar flips over to 2013.  Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings.  So happy New Year middle class!  You are about to be ripped to shreds.  In addition to the tax increases that I just mentioned, approximately two million unemployed Americans will instantly lose their extended unemployment benefits when 2013 begins, and new Obamacare tax hikes which will cost American taxpayers about a trillion dollars over the next decade will start to go into effect. 

If Congress is not able to come to some sort of a deal, all middle class families in America will be sending thousands more dollars to Uncle Sam next year than they were previously.  And considering the fact that the middle class is already steadily shrinkingand that the U.S. economy is already in an advanced state of decline, that is not good news.  You would think that both major political parties would want to do something to keep the middle class from being hit with this kind of tax sledgehammer.  Unfortunately, at this point it appears that our “leaders” in Washington D.C. are incapable of getting anything done.  So get ready for much smaller paychecks and much larger tax bills.  What is coming is not going to be pleasant. Read more...


  1. You know... FOR YEARS I have visited this site. It's taken me some time to realize something.... You all are just fear whore mongerjing anti American scathing gloom and doom tounge wagers who do nothing more than promote and instill in your readers hopelessness when in reality you could be promoting health, wealth, happiness, education without "propaganda and hidden agendas".... Yes!! This last article you all posted worked against you, not for you. Mockery? Apparent so and enough of it to earn you a wonderful criticism !!!!

    1. stop your whining you communist boot licker...


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