NY Post
“It’s that much higher?”
“It’s that much higher?” asked IT worker Vikas Kataria, 34, who discovered that his combined household income of about $250,000 per year will cost him nearly $10,000 more in taxes.
“I thought it was a couple thousand — but that’s a lot,” said Kataria, who works at Merrill Lynch in Manhattan and is married to a systems analyst for a brokerage firm. “That’s huge!”
With higher taxes, the couple would have to cut out on traveling and family vacations.
Clothing designer Peter Opie, of Canary Wharf Clothier, made about $2 million this year — and would see his tax bill spike by a staggering $100,000.
“The system is nuts here — it’s madness personified!” he said
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What’s the big deal? Liberals have told us for years how great the Clinton tax rates were and how they … all by themselves … ushered in economic prosperity.
High taxes for everyone! Jobs will create themselves! All our problems will vanish!!!!!
darwin on December 28, 2012 at 11:12 AM
Welcome to the price for re-electing Obama. And it’s important that ALL tax brackets feel it, so we HAVE to go over the ‘cliff’ to let people know we either pay for all this government or we get serious about making cuts.
(My own taxes will likely go up over $2,000 if we do go over the cliff; that’s the cost of NOT continuing to crush our grandchildrens’ futures with our debt.)
michaelo on December 28, 2012 at 11:13 AM
2012:
O- 62.6%
R- 36%
I feel so bad for them/
DiscePati on December 28, 2012 at 11:14 AM
I’m willing to bet that these shocked people all voted for Democrats.
I am going to get hammered by higher rates but so will Liberals and its about damn time they understand the real cost of the government they vote for.
We conservatives can’t continue shielding Liberal voters from the cost of their choices nor can we continue to mask those costs via borrowing. If the Left wants something, make them pay for it.
Charlemagne on December 28, 2012 at 11:15 AM
NY Results
DiscePati on December 28, 2012 at 11:15 AM
Do these Obama voters think the unprecedented, immoral, corrupt, and unnecessary trillion+ per year deficits were going to pay for themselves?
Time for these fools to pay their Fair Share. Oh, and give up your guns while you’re at it, especially you single moms living in bad neighborhoods.
visions on December 28, 2012 at 11:16 AM
The rich will only have to pay a little more. Obama said so.
backwoods conservative on December 28, 2012 at 11:16 AM
Think of how many people Obama will be able to get on welfare and food stamps with this.
The new army of armed IRS agents can fan out across the nation going after delinquent taxpayers! Good times …
darwin on December 28, 2012 at 11:17 AM
Yea…. Lets go over the cliff so the Obama supporters can feel what they voted for… Let it Burn…
SWalker on December 28, 2012 at 11:17 AM
sounds about right.
sesquipedalian on December 28, 2012 at 11:25 AM
We all should remember, its the Democrats that want higher taxes and are going to impose them.
Lonetown on December 28, 2012 at 11:28 AM
Whatever. You voted for this. Own it.
Washington Nearsider on December 28, 2012 at 11:31 AM
Like the Obama phone lady cares. But she does vote, for your money.
BullShooterAsInElk on December 28, 2012 at 11:31 AM
That ought to cover the cost of 3 people on welfare.
NeoKong on December 28, 2012 at 11:31 AM
How high is high enough? Last year, a person making $2,000,000 paid $676,761 just in federal taxes. Now that same person is paying $776,761 – nearly 40%. Then the states get their cut.
How much is enough for you people?
Washington Nearsider on December 28, 2012 at 11:35 AM
Is this including not doing the AMT “fix”? Because when these NYers can’t deduct their state taxes . . . Oh boy they’ll be mad.
PastorJon on December 28, 2012 at 11:36 AM
So you’ve voluntarily sent the IRS a big check, right? Or are you just a hypocrite who votes for crap that others richer than you get to pay for?
txhsmom on December 28, 2012 at 11:38 AM
It’s fantastic isn’t it? Obama knows what he’s doing. The Bush middle class tax cuts won’t be continued. Everyone knows the Clinton tax rates brought an economic boom so Obama’s going to let the tax cuts end and bring back jobs!
Middle class folk will be mad at first, but then when they see the jobs created by their higher taxes they’ll get over it.
Prosperity here we come!!!!
darwin on December 28, 2012 at 11:39 AM
I refuse to feel sorry for anyone who voted for this.
vityas on December 28, 2012 at 11:41 AM
Smart enough to earn hundreds of thousands or millions of dollars, not even remotely intelligent enough to calculate future risks of tax policy that is reported well in advance. I must be seriously under utilized in this economy!
astonerii on December 28, 2012 at 11:41 AM
welcome to the tax recession of 2013.
unseen on December 28, 2012 at 11:44 AM
That is how the DEMs will stage this: you are being taxed because the GOP refused to make the rich pay up
Meanwhile, The GOP is staging the deal to blame the Tea Party
On both points, the MSM will cooperate, but they will also skewer the GOP as being hand in hand with the rich
SO the GOP loses the trust of the Tea Party, a big percent of the base, and they still get blamed by the MSM. Non conservatives who trust the MSM are not going to jump to the GOP, even if the GOP capitulates to Obama
Cliff or no, it will take years to turn the nation back. Money has lost value. Overseas customers are tanking. The net will be a negative for Obama.
Although he hopes to play FDR this is not the Depression. We have a huge population with no desire to work. They demand support and the dollar was over-printed. Amnesty would gain Obama some votes, but lose some of his base. His base want their own needs satisfied at all cost
This is not going to be pretty in the long run
entagor on December 28, 2012 at 11:47 AM
I hope your welfare check gets reduced.
VegasRick on December 28, 2012 at 11:47 AM
they blame congress but not Obama amazing really All I can say is wow. they were all fopr voting to increase others taxes but when it’s thier taxes going up they are against it. the GOP would be stupid to agree to lower 99% of the taxes and buy in to the class warfare of the dems. They need to show the country we are all in this together.
unseen on December 28, 2012 at 11:51 AM
There’s your liberal. Madness sounds about right.
Washington Nearsider on December 28, 2012 at 11:51 AM
Clearly all of it.
CurtZHP on December 28, 2012 at 11:52 AM
Nope. All of it wouldn’t do anything for the deficit or the debt.
Washington Nearsider on December 28, 2012 at 11:53 AM
Surprise Surprise
We were right again.
gophergirl on December 28, 2012 at 11:53 AM
A classic Post piece rooted in fear and half-truths. And a classic Hot Air crowd too dense (or deranged) to recall the actual facts of the case. As far as most of these people are concerned, tax increases will only come about if an intransigent Republican House caucus continues to refuse to embrace the Obama budget compromise or vote for the bill the Senate has already passes extending tax cuts for families with income up to $250k. It’s Boehner, not Obama, trying to pick their pocket. As far as the millionaire is concerned, he’ll only be out the additional $100k if none of his income is capital gains or dividends, and he has no additional deductions, like retirement savings, mortgages on his several houses etc.
This just a bit of yellow journalism,but if it puts a little heat on House Republicans, so be it.
urban elitist on December 28, 2012 at 11:56 AM
There IS no ‘Obama budget compromise.’
Washington Nearsider on December 28, 2012 at 11:58 AM
Wasn’t Hillary that said 100% and then the feds distribute it fairly?
Dr. Frank Enstine on December 28, 2012 at 11:59 AM
Welcome back from DKO’s. I see you have your talking points for the day.
BacaDog on December 28, 2012 at 12:00 PM
Can you explain why the democrats do not want to return the middle class to the Clinton tax rates? From everything you guys have said the Clinton tax rates were the best thing since sliced bread. If they’re good for high earners then they must also be good for medium and low earners.
darwin on December 28, 2012 at 12:01 PM
Hogwash. The “Clinton boom” was the internet .com bubble. What lunacy that was. Tax rates had nothing to do with the “irrational exuberance” of that time.
jb34461 on December 28, 2012 at 12:02 PM
Define “compromise.” Appears only tax hikes are on the Presidents agenda.
Have you all read the article. The people interviewed are complaining that they have to give up vacations, the theatre, eating out and private school for their kids. I hope they can survive/
hopeful on December 28, 2012 at 12:03 PM
Well, I wonder how many people that $100,000 employed?
I wonder how much of that $100,000 would have been spent on restaurants and luxuries and now won’t?
darwin on December 28, 2012 at 12:03 PM
i pray for our poor sod millionaires every day.
sesquipedalian on December 28, 2012 at 12:03 PM
The people that are employed by them pray for them also.
darwin on December 28, 2012 at 12:04 PM
I’m sure Satan hears you.
MelonCollie on December 28, 2012 at 12:05 PM
nooooo! please don’t let that happen.
sesquipedalian on December 28, 2012 at 12:05 PM
Actually, the Demotards have been telling us that the “rich” are only being asked to pay a little more.
As if pointing a gun at their heads and telling them they’ll go to jail if they don’t pay up equates to saying, “pretty please.”
UltimateBob on December 28, 2012 at 12:06 PM
welcome to the world of taxation.
sesquipedalian on December 28, 2012 at 12:06 PM
On the contrary, I am thoroughly enjoying their sweet, sweet schadenfreude at being alarmed to finally realize the results of their utter stupidity.
UltimateBob on December 28, 2012 at 12:10 PM
Wow, you liberals really are that stupid. Capital gains and dividend taxes go way up under Obama’s wishes. As do death taxes, you know, the taxation of after tax wealth at death.
What do you think he’ll do to make up that money, whether it’s $50,000 or 100,000?
You really want the GOP to go along with raising the debt ceiling, raising taxes on the top 1 or 2% that will address 0.8% of the current annual deficit, and take “promised” cuts to come later as the exchange? You truly believe that a Senate that hasn’t passed a budget in 3 years, and budgets can’t be filibustered, is going to pass one with the “promised” cuts later?
Who is standing up for the country? The conservatives.
I personally hope conservatives force all the games with taxes, spending, no budgets, continuing resolutions, doc fix, AMT fix, Obamacare taxes, etc to come home to roost. Let voters figure out there is no “Obama stash”.
I remember a time when liberals referred to the 2003 tax cuts as “Bush’s tax cuts for the rich.” EVERY TIME YOU JERKS REFERRED to them, that’s what you called them, liberal idiots. NOW, when said cuts are about to expire, they suddenly affect the middle class too . . . Not to mention the 10% tax bracket will go away and more people will now be paying taxes . . .
You voted for the guy who ran on a platform that boiled down to “I’m the candidate that wants 80 Billion more a year from rich people” and won. Excuse the conservatives while they try to stop us from going over the 104% of GDP we are already in debt, of which that 80 billion is nothing!
PastorJon on December 28, 2012 at 12:11 PM
Any time one of these articles highlights some of these tales of woe, I would really like to know who these people voted for in ’08 and ’12. If any of them supported Obama, it would really add a nice bright spot to the day. Might even read the story twice.
lynncgb on December 28, 2012 at 12:15 PM
PastorJon, cut them some slack. They’re mentally ill.
jb34461 on December 28, 2012 at 12:16 PM
Fixed.
UltimateBob on December 28, 2012 at 12:18 PM
Without representation. I kinda remember reading about the last time that happened and how it turned out. I’m glad that the gun grabbers are a little late.
VegasRick on December 28, 2012 at 12:18 PM
The rich irony is that the bluest states are going to be the ones hardest hit by this. That’s why I say, let it burn. How else are they to learn the errors of their ways?
jb34461 on December 28, 2012 at 12:19 PM
FYI the Dem controlled Senate recently announced (with pride) that will go another year without passing a budget, making it 4 in a row.
Legacy Media? *crickets*.
visions on December 28, 2012 at 12:23 PM
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