Oh, this is just rich.They’re ready to jump off a real cliff.
New Yorkers of all income levels got a rude awakening yesterday when they saw in The Post how much more they will pay in taxes next year without a fiscal-cliff deal by Jan. 1.
“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!”
...
Small-business owner Haim Hagon, 51, said it’ll be tough to afford college for his two high-school-aged children.
“Every dollar counts when the situation is tough,” said Hagon, who makes about $150,000 and already moved his son from a private school to a public school due to financial concerns.
“Another $6,000 could have gone to my daughter’s tuition. I’ll have to find that money another way.”
He works 12 hours a day, six days a week to keep his children’s-clothing store in Forest Hills, Queens, afloat — and is now mulling staff and pay cuts.
“What am I supposed to do, work harder?” Hagon said. “I don’t want to find myself in front of my store dead with a heart attack!”
There's more at the NYPost. Read it and laugh like Tim the Enchanter.
6 comments:
Apparently the (stupid) among us voted for a bigger, more expensive government. Fine. Now it's time to pay for what you wanted. Everyone agrees they need to contribute right? Right? Let it burn. We get blamed either way. As much as I don't want my taxes going up I take a measure of pleasure knowing that those in the 10% bracket will lose $600 when it goes back to 15%. Again, just let it burn.
"“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."
Hmmm! Post-election discovery no doubt? He is a Wall-Streeter and his voting for Obama was probably a done deal, regardless.
How does one reach that conclusion?
Simple, take it from former Biden staffer and lobbyist Jeff Connaughton who lays it out in bipartisan fashion within his overlooked book "The Payoff".
Or, even more simply, don't bother to read his book at all.
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