WISCONSIN TAXPAYERS WILL PAY ADDITIONAL $3,001 - $4,000

Find your state and determine the average tax increase per family

Ready for a massive tax hike? Let Obama win in November

http://www.heritage.org/research/projects/taxmageddon-interactive-map

Heritage.org – Tax increase by state in 2013

Taxmageddon: Massive Tax Hikes on the Horizon - Factsheet

http://www.heritage.org/research/factsheets/2012/04/taxmageddon-massive-tax-hikes-on-the-horizon

Heritage.org – 4/11/2012

Taxmageddon Is Huge

Unprecedented Tax Hike For 2013: Starting January 1, 2013, Americans will face a $494 billion tax increase, the highest ever in one year. Obamacare’s tax increase over 10 years barely edges ahead of Taxmageddon at $502 billion.

• Expiring Tax Cuts and Obamacare’s New Taxes: Almost 34% of the tax increases from Taxmageddon come from the expiration of the 2001 and 2003 Bush tax cuts. Another 25% comes from the expiration of the payroll tax cut. Most of the remaining increases come from Obamacare, notably from the start of the hospital insurance 3.8% surtax on all forms of income over $250,000.
• Taxmageddon Hits the Middle Class: Taxmageddon falls primarily on middle- and low-income Americans, the original beneficiaries of the Bush tax cuts were middle and low-income taxpayers. The expiration of the patch on the Alternative Minimum Tax (AMT) will cause these taxpayers to pay a tax they were never supposed to be hit with, and the expiration of the payroll tax cut is a tax hike almost exclusively on middle- and low-income families. Americans at all income levels will feel the pain of Taxmageddon because it will slow job creation and wage growth

Businesses Already Preparing for Higher Taxes

• Holding Off on Hiring:
• Uncertainty Harms Everyone: Families, businesses and investors are stuck in neutral while they wait to see if Congress and the President will act.

Congress Must Stop This Fiscal Disaster

• Last-Minute Actions Are Dangerous: Businesses and families suffered from the uncertainty that Washington created.
• Remove the Threat Now: Congress and President Obama should remove any threat of Taxmageddon from the American people’s future. Businesses, investors, and families need to know now that they will not be hit with a massive tax increase on New Year’s Day 2013.

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