Business

Obama’s $264 Billion Tax for 2013 May Spark New Recession

Business
@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

MRRecession

Newsmax – With the fiscal cliff deal and many Obamacare taxes taking effect, Americans will be slammed with an estimated $264 billion in new taxes this year alone — making 2013 memorable for delivering one of the largest one-year tax increases in American history.

The math breakdown of the new taxes is simple: Key parts of the Bush tax cuts will expire as a result of the new fiscal cliff legislation, hitting American taxpayers with taxes of about $39.5 billion each year for the next decade.

In addition, the expiration of the so-called “payroll-tax holiday” will fill federal coffers with another $160 billion each year, on average, over the next 10 years.

And finally, several new Obamacare taxes begin this year, costing Americans an estimated $41.8 billion of additional taxes.

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

More in Business

oscar_statue_vector_image-3

Oscars: Remember It’s Show BUSINESS

Streetwise_ITFeb 23, 2015
Screen-Shot-2015-02-13-at-10.21.26-PM

Video: This African Country Was Once the World’s Third Poorest. Here’s How It Turned Things Around.

tmradminFeb 18, 2015
Dr Obama-3-L

Democrats Get A Whiff Of The Obamacare Stink Bomb

Streetwise_ITFeb 17, 2015
564

The Future of Crime: Smartphone Tracking, Neurohacking, and AI Assisted Murder

Candice LanierFeb 17, 2015
private jet Bombardier.global5000.oe-inc author arpingstone via wiki

Climate And The Cool Kids- Orgy At The World Economic Forum!

Streetwise_ITFeb 12, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

Archives

Copyright © 2014 The Minority Report Network