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: Monday, November 24

● Microloans fill entrepreneurial dreams

● Excessive drinkers are not alcoholic

● Fast and Furious documents go public

● Swiss bank fined for tax violations

● Birth defects linked to Marine camp water

● FCC contest rule update sought

LISTEN: The World in 2:00 – November 21, 2014

The World in 2:00 continents logo

The E.U. moves to crack down on plastic bag use across the continent and Joe Biden visits Kiev, but omits mention of new non-lethal assistance to the country.

Obama Tells Congress to “Pass A Bill”

“Pass a bill because the actions I’ve taken are only a temporary first step,” said President Obama at Del Sol High School in Nevada.

Alleged FARC Member Extradited To U.S.

Diego Alfonso Navarrete Beltran was extradited to the U.S. for his alleged participation in the kidnapping of three American hostages

The Latest On The Claims Backlog At The Department Of Veterans Affairs

TRNS interviewed Allison Hickey, Under Secretary for Benefits in the U.S. Department of Veterans Affairs.

The Latest On Ferguson, Immigration, The Middle East And More

Here Are The Top TRNS Posts Of The Week!