We Survived Tax Season…This Time

According to laws already on the books, taxes go up for most of us in 2013, and you'll be working until the end of April purely to pay taxes.

Congratulations on surviving tax season.

Until April 17th, for an average American, every penny earned goes to taxes—federal, state and local. The total tax burden costs more than the total amount we spend on housing, food and clothing combined.

Working for government until mid-April is bad enough, but next year could be worse. According to laws already on the books, taxes go up for most of us in 2013, and you’ll be working until the end of April purely to pay taxes.

It could be a disaster of Biblical proportions, which is why the 2013 tax hikes are being called Taxmageddon. It’s because the tax cuts passed in 2011 were temporary, and because Obamacare’s permanent new tax hikes kick-in come January.

Getting through this year’s tax season was bad enough, but unless Congress and the President act, next year’s will be worse.

From The Heritage Foundation, I’m Ernest Istook.

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Ernest Istook
Ernest Istook shares insights from 25 years in public office, including 14 years as a U.S. Congressman, plus raising five children. He now writes for The Washington Times, hosts a talk radio show, and his daily commentaries are heard on over 100 radio stations. To receive Ernest's free newsletter, simply subscribe at http://eepurl.com/JPojD. Ernest also delved into issues as a Distinguished Fellow at The Heritage Foundation and a Fellow at Harvard University's Institute of Politics. As a former news reporter and courtroom attorney, he enjoys gathering and sharing ideas and information in an entertaining way. Follow Ernest on Twitter @Istook and on his website, istook.com.

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TRNS News Notes- 5/6

TX attacker left extremist Twitter trail
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