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.

No comments yet.

Leave a Reply

Senate Passes Fast-track Authority, Moves To Resistant House

The bill moves on to the lower chamber where it faces an inevitable battle from House Democrats.

Senate Rejects Currency Provision

Senate Republicans (Photo by James Cullum)

The failed provision is a win for President Obama who issued a veto threat over the entire fast-track bill if the amendment passed

UN: Women Disproportionately Affected by Nepal Earthquake

The flag of the Nepal at the United Nations. Photo: Luke Vargas/TRNS

Gender discrimination, a lack of maternal health facilities and poor security in temporary camps is making post-earthquake life difficult for Nepali women.

The World in 2:00 – May 22, 2015

The World in 2:00 continents logo

UN data shows women disproportionately affected by the Nepal earthquake and Irish voters are poised to legalize same-sex marriage in a national vote today.

Obama Signs Law Granting Congressional Review Of Iran Deal

Capitol

Congress will now be able to reject or approve a nuclear deal reached with Iran which is expected to be announced June 30

Obama Reaffirms Support For Israel, Defends Iran Nuclear Action

“It would be a moral failing on my part if we did not stand up firmly, steadfastly not just on behalf of Israel’s right to exist, but its right to thrive and prosper,” Obama said .