What World do They Live In?
These people are very sad, because their taxes are going up so much:
In the nick of time, and amid much political drama, Congress passed the American Taxpayer Relief Act on New Year's Day—averting massive tax increases for nearly all earners that were slated to take effect Jan. 1.Yes, they all haz a sad, the single mom who makes 5x what the average household in the United States, the Family of 6 that makes 13x what the average household makes, and even the retirees, who pay no extra taxes, and make 3½x what the average household does, they haz a sad.
Even so, millions of people soon will feel something less than relief from the new law.
Tim Foley
The bill approved in Congress to avert the fiscal cliff would bring the first major tax increase on high earners in 20 years. Laura Saunders breaks down how new tax increases will impact across different tax brackets. Photo: AP.
While the top 1% of taxpayers will bear the biggest burden, many other families, affluent and poor, will pay more as well.
They all haz a sad.
Seriously, do the writers at the Wall Street Journal have even the vaguest idea of how most Americans actually live?
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