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Reply #125: Your math is a tad weak [View All]

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zipplewrath Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 03:11 PM
Response to Reply #21
125. Your math is a tad weak
The amount of tax you pay, after deductibles, will go up 50%. You will have to pay that in 2012. They will begin taking that out of January's pay check. I'm not sure what you expect to pay, but I'd guess it is around what, about $3000? So that's about $60 a week. So right now you are paying say $40 a week? It's going to go up $20 a week. That's not "half your paycheck". And you are presuming that nothing will get done next year at all to modify these rates.

Obama had some concerns, but they were far more about unemployment insurance and getting SOME sort of stimulus.
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