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2012
$40000 Salary
$36200 Minus 1 Allowance
4672.50 Tax Liability
2013
40000 Gross Salary
40000 Taxable Income (Assuming no more allowances)
5567.50 Tax Liability
$895 Difference
2nd Tax Bracket
2012
20000 Gross Salary
16200 Taxable Income
1672.50 Tax Liability
2013
20000 Gross Salary
20000 Taxable Income
2172.50 Tax Liability
Difference 500
3rd Tax Bracket
2012
10000 Gross Salary
6200 Taxable Income
620 Tax Liability
2013
10000 Gross Salary
10000 Taxable Income
1500 Tax Liability
880 Difference.
So the poor people who support Obama and encourage his tax cuts get to pay for their stupidity and inability to do the math. Hope you enjoy your Tax Liability doubling next year.
I should claim my dog, I think he eats more than I do. :)
Wasn't something similar a part of what "killed Colorado" in AS?