National & InternationalTop StoriesNPR Topics: World NPR Topics: Nation Art & Culture NPR Topics: Business Metro & StateDon Dailey: Capitol Journal UpdateJohn Archibald: Some things go fast, some things go slow WBHM Seeks News Director Kyle Whitmire: Delay for Alabama Accountability Act? Cindy Crawford: Magic City Marketplace Capitol Journal Update Tanya Ott's final day at WBHM John Archibald Kyle Whitmire: How was the Collapsed Airport Display Designed? John Archibald: Unrest at the Jefferson County Commission Kyle Whitmire: Jefferson County Top Attorney Job Reopens Healing the Hurt in Hurtsboro Black School, White School: Teaching The Civil Rights Movement The Postman's March I Was Told I Couldn't Be a Feminist Because I'm Black Hostess to the Civil Rights Movement 1963 Church Bombing Seeks Compensation John Archibald: Why Jeffco Is Paying Attorney $393K To Do Nothing Common Core, Part 3: More Writing May Be A Challenge Common Core, Part 2: Implementation a Challenge Commissioners Question Decision on County Attorney Jeff Sewell Diane McWhorter on Civil Rights 50th Anniversary Common Core, Part 1: Is The Hype Really Just Hype? Remembering Roger Ebert News Features Archive |
Short Answer: Your Taxes Will Go Up
The median household income in Alabama is just under $43,000. How the tax increases will affect households at different income levels: Annual income: $20,000 to $30,000 Average tax increase: $297 Annual income: $30,000 to $40,000 Average tax increase: $445 Annual income: $40,000 to $50,000 Average tax increase: $579 Annual income: $50,000 to $75,000 Average tax increase: $822 Annual income: $75,000 to $100,000 Average tax increase: $1,206 Annual income: $100,000 to $200,000 Average tax increase: $1,784 Annual income: $200,000 to $500,000 Average tax increase: $2,711 Annual income: $500,000 to $1 million Average tax increase: $14,812 Annual income: More than $1 million Average tax increase: $170,341 ~ Associated Press and Tanya Ott, January 2, 2013 |
The new deal to avoid the fiscal cliff means the average Alabamian will pay an additional $579 dollars a year in taxes, but some will pay much more. The tax package passed by Congress yesterday prevents one set of tax increases from hitting most Americans, but it won't stop them all. A temporary Social Security payroll tax reduction will expire, meaning nearly every wage earner will see taxes go up. The wealthy also face higher income taxes. | Disclaimer|Contact Us |
|
Information on these pages copyright ©1996-2011 WBHM |
