Workers Making $30,000 to Take Bigger Hit Than Those Earning $500,000

Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. 

Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported. 

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.




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Posted in Taxes
26 comments on “Workers Making $30,000 to Take Bigger Hit Than Those Earning $500,000
  1. Les says:

    Everyone pays. The federal government is out of control. It is way past critical mass and since they have no intention of fixing the addiction to spending then the only other alternative is for tax payers to pay more and more. Everyone knows there is huge fraud, waste, abuse, mismanagement, malfeasance, incompetence and out right theft all throughout the federal government yet nothing gets done. DoD wastes as much as 75% of what it gets by doing things like over paying mercenary contractors. Nothing will change until the total collapse of our economy. Keep the printing presses rolling and see what happens. Everyone is praying some miracle will happen to fix this. The usual miracle used to fix problems like this involves global wars.

    • The peaceful non-violnt way to fix our problems is for our 30 red states to retake the U.S. Senate.
      All they have to do is select, fund and push their own candidate, who would be beholding to the State and no one else

  2. harleydavidson says:

    To look at this profoundly, this is good. Now people will learn their lessons…maybe.

  3. Our congress (especially the Republicans) are all idiots. They’ve allowed Obamanation and his state controlled media to holler and scream and get everyone upset about the so-called “fiscal cliff” (a technique they use ALL THE TIME) because it’ll “raise taxes”. They get everyone all worked up and supposedly “fight” over some big bill to “avoid” the fiscal cliff and the increased taxes. They pass a bill that no one gets to read which will supposedly avoid the fiscal cliff and the increased taxes. And now, eveyone’s taxes are going up. (I now refer back to my opening statement.)

    • michric says:

      how do you pin all that on republicans? If they defeated the bill in congress, our fearless leader would only have had to issue another executive order..

      • jlbs says:

        Yes, another EO. (I can’t help but wonder how many Repubs voted for Boehner because they were intimidated when he pulled 4 conservatives from their committee posts.)

      • I was stating my frustration with them especially (because until recently I counted myself among them) because they “fell for it” and caved, as they seem to do all the time. They have the ability to counteract (or at least “try” to counteract) some of Obamanation’s regulations/executive orders/appointments, and don’t do it. They appear to make a fuss, but in the end, they DO nothing. That’s why I pin it on Republicans. They appear (to me) to give him and his media a pass, all the time.

  4. Brenda says:

    Well they wanted obama back in the Oval Office, I hope they enjoy the stab in the back. The only winners in this mess are the 48% deriving their tax free income from the government. Romney was right, you can’t reach that group.

    • Colorado Joe says:

      You forgot to mention the Hollywood elite. I understand they’re getting a pretty big tax break. They will still continue to make their movies in Canada and elsewhere other than California. Why? To get away from exhorbitant California taxes and labor unions of course.

    • So do you honestly think that the working poor are going to blame the Democrats or Obama for this??? No way!!! Obama’s approval rating is above 50% and the approval rating of the Republicans are around 5%.

      The only reason why Republican ratings are so low is because the liberal half will blame Republicans for everything under the sun, including this tax increase, even though they control nothing, while the Republican half knows that the Republican Party is asleep at the wheel as the truck is headed off the cliff.

  5. WellNowDear says:

    Since when is 30 thou the middle class? That is only about 30% above the poverty level for a family of 4. I thought Bo only wanted to tax the rich 1%. Well, well. He is again a liar.

  6. Dave says:

    Worthless gimmiecrats steal the fruits of our labor. They are still increasing the size of federal debt

  7. Vaughn J Ampersand says:

    Well said “Les”— Except everyone does not pay! Governments are Pyramids managed from the top-down…Consumer taxes are the only taxes that everyone pays. Income Taxes are only paid by “Workers,” same as “Union Dues.” Since we have so-few Workers & Jobs in America, we are therefore, “DOOMED to COLLAPSE!”

    This current Administration was hired by the “Upper Two-Percent” to manage the inevitable & imminent collapse. When and after “The Dust Settles,” the rich plan on being “RICHER!” it’s the “MIDDLE-CLASSES that will take the Big-Hit……for you poor and under-educated souls; this means your Employers will simply disappear.

  8. Penguin9 says:

    Someday all of the liberal ding-bats will realize that things would have been better under conservative leadership. While they continue to screw with the economy and things get worse than they already are……all of the present Moochers will still be at the bottom of the totem pole and when 80 percent of the population is forced out of work etc. the presnt Moochers will be much worse off than they are now

  9. There is a logical reason for this.

    Congress had reduced income taxes under Bush and had also reduced SS taxes under Obama.

    Getting side-tracked — AND the feds spent money like crazy trying to stimulate the economy, AND reduced the Fed interest rate to virtual zero, AND the unemployment rate is still at record levels when you add in the cronic unemployed who are never counted as unemployed. AND that is what you get for looking to government to fix your problems.

    Meanwhile, in Germany, they are at record employment, have a huge shortage of workers, as they laugh at the cheap Chinese labor problem, while not producing any oil of their own, all done with virtually no labor in the military and virtually no money spent on the military.

    Anyway….

    The income taxes did not go up on the guy making $500,000, but his SS taxes did. And that tax is capped at somewhere around 100k, so he did not see much of an impact when the SS tax went up.

    For the $30,000 guy, he pays litttle in income taxes and that did not change. But he pays most of his taxes in the form of SS taxes and that went back up big time.

  10. VeeDub57 says:

    The biggest issue here, is that “workers” take the biggest hit. Obama’s voters, on the dole, take NO hit.
    Those who don’t pay in, have more say in how much they get, than those who do pay in, on how much they have to pay.
    Justice? Equality? Hypocrisy!!!

  11. Raymond Michael Borland says:

    Good, I hope the next tax increase takes another 10% from people earning less than $50,000.00. They need to pay their fair share. After all the top 5% of income earners have been paying 65% of the federal income tax which is blatantly unfair. Maybe these Obama kissing people who want everything for nothing will learn that there is no such thing as a free lunch. These sheeple sure sold out their freedom cheap…. for a free cell phone. Well, use your dang cell phone and call Obama and complain.

    • Yes, they need to pay for all those freebies they are getting.

      I love the way the Democrats stuck them with the bigger tax bill. Will they blame Democrat leaders for this though? No way!!! It’s still Ronald Reagan’s fault.

  12. This is called Obamanomics ? Similar to FDR’s “new deal” In the end more people unemployed in 1939 than was in 1932. FDR’s economic legacy has damaged America! While President Roosevelt was a great man in some respects, his economic policies was a disaster. Failing to learn history, you are likely to repeat it.

  13. michric says:

    how does that tax rate raise on the “rich” look now. Wake up folks, these out of control politicians want all the money.

  14. Tom Delaney says:

    3568 is 1.7% of 200K

  15. Connie Kuest says:

    We are the slaves for the top!!