Chicks on the Right
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Wednesday, 12/26/2012 - 08:50 pm EST

Warning: You May Become Extremely Depressed After Reading This

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I'm not going to lie.  This is a bit depressing.  "With no deal (regarding the fiscal cliff), roughly 90% of U.S. households will see their taxes rise."


It's the kind of data that people on the other side of the political fence didn't want to talk about, because they were too busy shoving their fingers in their ears and singing "LA LA LA LA LA - Obama's a celebrity, you Republican meanies!" at the top of their lungs, in between their screams about how Mitt Romney wanted to steal all of our birth control and kill Big Bird.

You know.

Here are some really nifty stats that should make you want to hurl that holiday dinner you ate a few days ago:

"You're going to have less money to spend in a very difficult economy with very little clarity on how the economy will pick up in the near future, or even in the long run," financial adviser Ed Butowsky said. "We are entering into a very difficult economic environment, unfortunately." 

According to numbers crunched by the Tax Policy Center, millions of families will take a hit, to varying degrees. 

For those making below $10,000, the tax increase amounts to roughly $300. But those making between $40,000 and $50,000 would pay an additional $1,700 in 2013. 

Up the pay scale a bit more, households earning $50,000-$75,000 would send an extra $2,300 to Washington. And for those making over $200,000 -- but under $500,000 -- the tax bill will grow by roughly $14,000. 

The numbers go up from there. Those making more than a million dollars a year could pay more than $200,000 in additional taxes. 


But wait! There's more! "Tax hikes on small business owners could result in roughly 710,000 job losses."   Because that's precisely what this country  needs right now - more job losses.  


Behold the suckage.  And I apologize in advance for your inevitable heartburn.  Because I'm sure I don't need to remind you that LEMMINGS VOTED FOR THIS CRAP SANDWICH. 






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