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.

Tags: , ,

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.

Click here for: Friday, October 24

● Good food makes bad landfills

● Dog assault charges for fence jumper

● Jim Thorpe’s remains won’t be moved

● Sex offenders left homeless in Miami

● Suit challenges sale sign ordinance

● Reynolds fails to impress anti-smoking group

Pentagon Will Continue Force Control In South Korea, Keep Current Troop Levels

Defense Secretary Chuck Hagel met Thursday with his South Korean counterpart, Minister Han Min-koo, where both leaders agreed that North Korea still poses a threat on the peninsula

LISTEN: The Day Ahead – October 24, 2014

The Day Ahead Logo

Officials coordinating the US response to Ebola testify before Congress and the monitoring mission along the Russian-Ukrainian border draws to a close.

UN in Brief: Calm & Conflict for October 23, 2014

UN Daily Brief Square

A $2.2 appeal for Iraqi humanitarian aid, the WHO advises against Ebola travel bans and the U.N. steers clear of a cholera lawsuit in New York.

House Bill To Take Away Social Security Payments For Dozens Of Former Nazis

There is a similar bill in the Senate.

Earnest: White House Security Review Ongoing

Earnest said that Wednesday’s incident “underscores professionalism of men and women of Secret Service.”