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Taxmageddon Will Hit on January 1, 2013


The Bush tax cuts will expire on January 1. The Obamacare taxes will hit, unless the Supreme Court declares the law unconstitutional. The average Joe has no idea of what’s in store for him.

The liberal Washington Post calls this taxmageddon. I like the phrase. It has a sense of reality about it.

Here are highlights of which taxes will rise.

  • The 2001 and 2003 Bush “tax cuts” expire
  • Taxes on investment income
  • Estate and gift taxes
  • Income taxes
  • Marriage penalty returns
  • Child credit drops
  • Taxes on first $8700 of wages increase by 50 percent
  • Payroll taxes go from 4.2 percent back to 6.2 percent

The Heritage Foundation did an analysis of all the tax increases scheduled for 2013. The report adds these:

  • The Alternative Minimum Tax (AMT)
  • Five new Obamacare taxes
  • About 50 “tax extenders” will go away
  • Small business owners can no longer write off business equipment purchases immediately



Post Continues on teapartyeconomist.com





Posted in Taxes
255 comments on “Taxmageddon Will Hit on January 1, 2013
  1. x_ray_tech says:

    Slave tax

  2. pete says:

    Jan 1 2013 is when everyone should paying taxes altogether.
    A tax revolt is the only thing washington will pay any attention to.
    You can shout at them, shoot at them to no avail, but cut off their money
    and they have to listen.

  3. Sam says:

    If Obama gets re-elected and all these taxes happen, the economy which is struggling already will take a big hit because people will have so much less money to spend.

    • TheChristianSolution says:

      If Obama is even on the ticket in the general election this fall, and not a single one of the State’s Secretary of State has invalidated his candidacy for ineligibility, then our problems are far worst than just having more taxes and Obama in a second term.

      We will have seen corruption of our political process run so deep that there is no hope of continuing the charade of having a Constitutional government.

      A Civil War may be the only alternative at that point.

      • George_l_c_smith says:

        As appealing as it might sound, bloodshed is NOT the answer.

        • Glen Thompson says:

          Not all too sure about that, George.  Even Jefferson, in his writings, foresaw the possible need for occasional bloodshed in order to keep our Republic from being destroyed from within.  At present we certainly are gradually being destroyed in that fashion.  It may become necessary to weed out the culprits. The method yet determined.

        • TheChristianSolution says:

          So tyranny is the answer?

    • Glen Thompson says:

      A beautiful job of summing it up in the simplest terms – thank you – even a Democrat might be able to understand it – on second thought, probably not>

  4. The Zip says:

    And all the while these sloths have spent money they never had in reckless disregard of the rights of citizens. Today’s politicians ( mainly democrats who have become socialist progressives ) should be strung up, tar and feathered and then thrown out of this country and stripped of their citizenship. They are white collar criminals.

    • billy2 says:

      oh you betcha!!!!

    • billy2 says:

      oh you betcha!!!!

    • George_l_c_smith says:

      That sounds like a lot of well-justified fun, but lawlessness would backfire.

      • TheChristianSolution says:

        You are right. If we follow the same leaders who brought us into this mess, lawlessness will backfire.  Following Jews Michael Savage and Mark Levin will indeed backfire on Christians.

        • DogmaDestroys says:

          Hey TheFinalSolution, you are so busy hating on Jews here that you keep forgetting to hate on Muslims, homosexuals, women, educators, and all the other chosen targets of right-wingnut idiots like yourself. Sprerad the hate a bit more evenly, l’il guy.

        • TheChristianSolution says:

          I didn’t forget anything.  There is no danger of Christians following Muslims or Homosexuals and I follow women all the time :)

        • DogmaDestroys says:

          So you’re an idiot and a stalker. Thanks so much for sharing.

        • TheChristianSolution says:

          What a lowlife to twist a Christian name into a hateful name and make fun of another’s joke. 

          “I am an avid follower of the Women’s MOVEMENT!” — Rush Linbaugh

          Come on Dogma, is that all you have?

        • DogmaDestroys says:

          The way I see it, a hateful person had defiled Christianity by adopting a Christian name, idiot. Therefore my much more appropriate name for an anti-Semitic piece of trash like you,
          TheFinalSolution.

        • TheChristianSolution says:

          Again, you say you are not religious.  No God in your life. So why are you so hung up about my beliefs?

        • DogmaDestroys says:

          If I’m “hung up” on anything, it’s your repeatedly demonstrated and despicable ignorance and bigotry. It has nothing to do with your faith per se, although for you personally, I strongly suspect that said ignorance and bigotry spring largely from your own sick and twisted perversion of that faith.

        • TheChristianSolution says:

          What I’m saying is that you are a selective hater of religious people. I have seen you attack Christians all the time.

          I just find it strange that when I attack members of the Judaic faith, you want to spank me for it.

          I think you are atheist, but raised Jewish.  Am I right?

        • DogmaDestroys says:

          I am certainly guilty of selectively attacking those who use their religious faith as a springboard to racist and divisive rhetoric. And yes, the preponderence of extremely un-Christlike “Christians” like you is the primary reason for my having arrived at athiesm.

          As far as what my religious heritage is, my family worships at the Church of None of Your God Damned Business. 

        • TheChristianSolution says:

          You are so predictable guy.

  5. nancy says:

    ” Socialism “

    • billy2 says:

      Don’t you wish that was all it would be, this cretin, will run the gamut, totalitarianism, marxism, communism, maoism, stalinism, believe it wouln’t just stop with socialism, IT wants the whole nine yards. 

  6. bressler says:

    OBAMAS GIFT TO AMERICA   —  HIGHEST TAXATION   AND  –  JUST KEEP ON SPENDING TILL EVERY BODYS BROKE -  EXCEPT HIM AND HIS RICH BUDDIES—  AND COMMUNIST FRIENDS TOO.

    • Douglas W. Rodrigues says:

      I wonder if Obama dreams of the day where we’ll all be standing in long lines to buy one roll of authorized toilet paper, or an 8 ounce slice of tough meat?  After all, in his eyes, he’ll have “leveled the playing field.” ….we’ll all be equally poor.    

  7. Sprucehill says:

    Obama is the shepherd of the sheeple.

  8. Tod says:

    Only One Man can save us from ourselves,and that man is Dr.Ron Paul 2012 !!!

    • Ray says:

      your nuts the only guy that can save this country is Newt Gringrich put that in your pipe and smoke it dembell

      • DCGideon says:

         No politician can save this country. The only One who can save this country is Jesus Christ. Most people will not earnestly come to Him, however, because that involves repentance!!!

        • Ltjg says:

          I totally agree and have been say the exact same thing fot quite a while now. It appears there are many who have turned their backs on the Lord…well guess what? When our time comes we will see who turns their back on us.

        • Mary A says:

          I have been saying the same thing too and am glad to read that others are reminding all of us that Jesus Christ is the only only who can heal this land.

          2 Chronicles 7:14  If my people, which
          are called by MY name, shall
          humble themselves, and pray, and
          seek my face, and turn from their wicked ways; then will I
          hear from heaven, and will forgive their sin, and will
          heal their land.

          Thank you all for speaking out the truth.

        • Ltjg says:

          Hi Mary, I wish my friend Bree was here. She is far more knowledgable on this topic and knows the Bible Front to Back and back again. Absolutely No Politician will Heal This Land. We must take a stand with Jesus for a “Nation without God is a Nation Gone Under”….Reagan

      • Douglas W. Rodrigues says:

        Newt Gingrich, the politician who associates with the CFR, a group that wants to end the sovereigenty of the United States. Same with Romney.  You should do the research before wanting to elect another one of the evils.

      • NymRod says:

        Tod is correct, YOU are wrong.

        It’s Ron Paul, be it 3rd party or write in we WILL NOT cast a vote for more of the same, PERIOD, end of story.

        No way will you or anybody else persuade any Ron Paul supporter to change their mind or their vote. THAT’S reality.

        You either support Ron Paul or get four more years of the same or even worse than 0bozo.

        Open your eyes, wipe the kool-aid stains from your forehead and attempt to catch a glimpse of reality BEFORE it’s too late!

        • George says:

          The idea that only one man can help is foolish.  The problems we are facing will not be fixed overnight.  The left has progressed away from The Constitution for a century, and we will need time to restore Constitutional government.  Any of the Republican candidates can move us a long way in the right direction.  Stop worshiping a candidate who will never be elected, and help get our politics moving in the right direction.

        • Glen Thompson says:

          ROMNEY – 2012!

        • NymRod says:

          FOOL!!!

        • NymRod says:

          FOOL!!!

        • TheChristianSolution says:

          Voting in Ron Paul is the starting point of moving our politics in the right direction.  Voting in Romney is still moving us in the wrong direction.

        • Elwood says:

          Okay, if enough conservatives feel the same way as Nymrod, then obummer will be home free for four more long years because Gingrich or Romney is going to be the nominee.  Its a choice each one of you has to make because Ron Paul is not going to be the one the Republicans nominate.  So, if enough sensible people stay home in November because Ron Paul is not the nominee or Ron Paul or anyone else runs on a third party ticket then obummer is in for four more long years and we will all rue the day he is reelected. 

          So, my thought, for what it is worth, is that the only hope of beating the boy in the White House, is for all conservative, sensible, honest people to get to the polls in November and VOTE for whoever the Republicans nominate whether it be Mitt, Newt, Ron or someone else.  Remember it is our only HOPE!

        • Glen Thompson says:

          FOOL!

  9. Deweycsexton says:

    response specifically to The Zip. That would be too easy on them. They all need to be arrested and sent to GITMO where they can be held indefinitely without right to trial or legal representation. He just signed an EO stating that any US citizen can be dealt with the same way without any reason at all.

    • Kirby says:

      Gitmo has become a privileged pleasure camp with a new $750,000 soccer field and frequent diving excursions into the surrounding ocean front for the “inmates”. 

  10. Americangirl1964 says:

    The entire country should file exempt on their W-4

  11. Yellowjacket flight says:

    Tod: I don’t need to be saved from myself, I need to be saved from people like you who will write-in vote for a third candidate (Paul) and hand the election to Obama! G-d save us from idiots and Obama!

    • Frank130 says:

      Remember Yellowjacket:  a vote against Obama does not = a vote for Obama.  So please don’t blame people who do not vote for Obama for electing Obama.  I also refuse to vote for big government, left of center Statist, Romney.  The lesser of 2 evils is still evil.  Better to vote for a small government, Constitution-loving candidate (i.e., a non-evil).  So I will take my pick of non-evils:  Constitution Party, write in Ron Paul or maybe if the Libertarians nominate someone pro-life, Libertarian Party.  Definitely I will not vote for either Obama nor Romney!  But I will vote.  If Obama wins, well the GOP Establishment deserves to lose for pushing loser RINOs on the grassroots!

      • Poppo says:

         Your way of thinking will siphon enough votes away from Romney to elect BO.  It is nice to think you are being an idealist, but BO will ruin America if he is re-elected.  We cannot afford to have him another 4 years.

      • Doris says:

         If the conservative vote is split, DumBO wins. That’s exactly what he wants!

      • Glen Thompson says:

        Frank – What a waste you are!  Talk about “failed Logic.”   ROMNEY-2012!

    • Poppo says:

       Mitt is certainly not my first, second, or even third choice.  BUT we MUST unite behind him if we are going to stop this Racist, Anti-American that is presently occupying OUR White House!

  12. Surghucjls says:

    If you are lucky enough to have a job they will take the taxs out of your paycheck and there will be more homes lost and adults and children starving to death.  Then the government will step in and say ok, little sheep, we will take care of you BUT you have to swear alliegence to Obama.  If you don’t, then lay down and die infidel. 

  13. Lauralee Hensley says:

    Crazy, there will literally be people dying if all these taxes come back and even increase.  People will not be able to afford to heat their homes or eat properly.  They will die, but that’s probably what some of the politicians secretly want anyways.

    • billy2 says:

      THIS IS  WHAT OVOMIT IS COUNTING ON, MAKE LIFE SO MISERABLE THE PEOPLE WILL BE BEGGING FOR RELIEF, AND HE WILL COME IN RIDING ON HIS PONY, HE IS SUCH AN EVIL ANIMAL!!! PURE EVIL.

    • Doris says:

       Yes, at least if you are a conservative cracker!

      • Glen Thompson says:

        Wow, what a brilliant statement!  Doris, you are one clever little broad you are!  Betcha that’s right from the pages “The Book of Wit and Wisdom” by Doris, first edition no less!  Pray tell us: what’s on the other page?  I’m  not ashamed to admit I’m on pins and needles!

  14. Mario says:

    Also forgiveness tax expires here in Cali (some other states already in place). If your mortgage goes under, or you have to walk away from your home, you owe IRS the outstanding amount as income. Here is Cali, I am under water by at least $150,000. Never late on any payment, but since no equity, banks (CHASE) said no refi unless I’m a deadbeat. And I don’t have enough debt. So responsibility is being punished. 

    • billy2 says:

      OF COURSE, IF YOUR A DEADBEAT, ON FOOD STAMPS, MEDICAID,SECTION 8, OR THE ONES WHO QUALIFIED FOR HOMES WITH FOOD STAMPS, ARE IN LIKE FLYNN, NOW YOU TELL ME WHAT’S WRONG WITH THIS PICTURE. THIS IS THE MOST DISGRACEFUL, OUTLANDISH, DISTORTED ADMINISTRATION SINCE EVER, EVEN WILSON WASN’T THIS DISGUSTING, I GUESS THEY ARE RIGHT, THEY HAVE BEEN WEAVING THEIR NASTY WAYS TOWARDS WORLD DOMINATION FOR QUITE SOME TIME, YOU LOOK BACK ON WHAT HAS HAPPENED, IT SEEMS TO FALL INTO PLACE, IT’S ALL VERY DISTURBING, AND FRIGHTENING, THAT AMERICA HAS BEEN ON THE DECLINE FOR A NUMBER OF YEARS, EVERYONE GOING AROUND FAT, DUMB AND HAPPY(I INCLUDED) NOT REALIZING WHAT WAS  CREEPING UP ON US, JUST WHAT KIND OF DIABOLIC PEOPLE WOULD WANT TO DO THIS TO A NATION OF PEOPLE, WHEN WE LOOK AROUND AT CHINA, NORTH KOREA, VENEZUELA, CUBA, BRAZIL, IRAQ, IRAN, EGYPT, SYRIA, SAUDI ARABIA, IT NEVER WORKS, YOU CAN’T POUND A SQUARE PEG IN A ROUND HOLE!!! WHAT EVER HAPPENED TO THE WAR ON COMMUNISM, WHERE IS A  MCCARTHY  WHEN YOU NEED ONE, WHERE IS THE CONGRESS,  WELL GUESS WE GOT SOME 70 OF THOSE BASTARDS IN CONGRESS SO WE KNOW WHAT’S GOING ON THERE, SO NO HOPE IN THAT DIRECTION, AND THE ONES WHO DON’T BELONG TO DSA, ARE RUNNING SCARED.

    • Doris says:

       I suppose it doesn’t help to know you won’t be alone….

  15. Rpr0174 says:

    In his meetings with the America countries, he told them in his 2nd term as President he is going to work on the Immigration Policy and wants to encourage the Congress to vote for his program so he can put a stop to stopping people that do not look like Americans and requesting proof of their status of being in our Country.  Does this sound like  a man who is in trouble?  No, sounds like a man who already knows he has fixed the election and never planned on running a legal election.  He wants it all him or else, simple as that.  He is self proclaimed leader of our country and is not going to lose this election.  Where does it stop?  It won’t stop, it will only be worse when he is sworn in again.

    • Daniel from TN says:

      Mark my word on this. Assuming obama is re-elected, there will be an intense effort to repeal the 22nd amendment to the Constitution. The 22nd amendment established term limits for the president. Eliminate term limits and obama will be reelected repeatedly through voter fraud.

      • herbican says:

        Specially since they plan to have all votes be “counted” by a company in SPAIN, all votes will be sent thru computers to this company (and the owner is a big Obama contributor) . SOMEONE is really planning a BIG fraud AND the main issue is HOW CAN WE STOP ALL THESE NON SENSE ? ? ? ?   AMERICA WAKE UP ! ! ! ! ! ! !

        • Doris says:

           I wish I knew how to stop the idiocy. But, even the opposing party seems impotent to do anything. I think “Alan”, another poster, was probably right. He said, “The Republicans are being “black”mailed by Obama. He has the goods on
          them like J.E. Hoover did at that time because Holder is holding the
          files on all their indiscretions over the years.”

          Who among us is without sin? If someone in the Republican party doesn’t stand up to DumBO and his crooked regime, I’m not sure anyone else can. If there are any freedom fighters out there, they need a strong leader; otherwise all those who do take a stand against the Communists will end up like the freedom fighters in Tiananman Square. I am very much afraid that in contracting out the counting of ballots to a company in Spain, DumBO has already fixed the election.

    • 63Marine says:

      It’s starting to look like the only thing that will stop obozo is a well placed .308 round.
      Where is the patriot who will save America?
      Semper-Fi

      • Dhorneye50 says:

        Amazing we have a Muslim as POTUS calling these treasonous shots.Holder is another Commie.And they pose as AMERICANS.Talk about Enemy Within.
        Semper-Fi

    • Poppo says:

       You heard the promise he made the Russians..”After the election….”…What more proof do we need that this guy is anti-American.

      • Doris says:

         You are right – he’s already given them some Alaskan islands. I thought we BOUGHT and PAID FOR Alaska!!!!!! Guess it’s his idea of Fairness. I wonder what HE got in return. The American people sure won’t see of it.