Dramatic 2013
Tax Increases Looming…Are You Ready?
If the economy falls off the physical cliff
how much more will you have to pay in taxes?
Here is a quick chart that will give you the answer:
Annual income: $20,000 to $30,000.
Average tax increase: $1,064.
Annual income: $40,000 to $50,000.
Average tax increase: $1,729.
Annual income: $50,000 to $75,000.
Average tax increase: $2,399.
Annual income: $75,000 to $100,000.
Average tax increase: $3,688.
Annual income: $100,000 to $200,000.
Average tax increase: $6,662.
Annual income: $200,000 to $500,000.
Average tax increase: $14,643.
Annual income: $500,000 to $1
million.
Average tax increase: $38,969.
Annual income: More than $1 million.
Average tax increase: $254,637
