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13 Tax Increases That Hit in 2013




1. Payroll Tax: increase in the Social Security portion of the payroll tax from 4.2 percent to 6.2 percent for workers. This hit all Americans earning a paycheck not just the "wealthy." For example, The Wall Street Journal calculated that the "typical U.S. family earning $50,000 a year" would lose "an annual income boost of $1,000."

2. Top marginal tax rate: increase from 35 percent to 39.6 percent for taxable incomes over $450,000($400,000 for single filers).

Read Full Story: http://www.infowars.com/13-tax-increases-that-hit-...

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