The Obama Fiscal Cliff

Here is a table of the effects of the Obama tax increases that will follow from President Barack Obama’s drive to put us all over the fiscal cliff.  The data are compiled from a recent Wall Street Journal article.



Post-Cliff Tax Rate

Tax Rate Increase from Pre-Cliff

Tax Dollar Increase from Pre-Cliff


Unemployed Person Under $10,000 8.4% 55% $159
College Student $10,000-$20,000 7.5% 38% $308
Lower-Income Working Couple $20,000 – $30,000 5.5% 9,809% $1,423 From $15 refund to $1,423 tax payment—loss of Bush tax cut 10% bracket
Retiree Household $30,000 – $40,000 5.1% 42% $540
Higher-Income Professional $150,000 25% 25% $6,662 This also represents just under 25% of the total increase from the Obama tax hike
High-Income Couple $350,000 29% 20% $13,847 Loss of the AMT and higher dividend and cap gains taxes
Very High Income Households $1,000,000+ 39.7% 24% $254,637 Total share income taxes paid by these earners actually goes down due to the disparate impact of the Obama tax increase on the lower incomes

Obama’s Plan B desire for going over the fiscal cliff is going to hurt the least among us—the antithesis of our country’s Judeo-Christian imperative—and it makes his Evil Rich relatively better off.

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