Carl Pickens
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- Nov 6, 2006
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Now that the election is over let's talk about how everyone is going to be impacted with regard to the taxes they'll pay.
How many kids do you guys have? I have 4 so effective 1/1/13 my taxes are going up $2,000.....guaranteed. The child tax credit is being cut in half from $1,000 to $500....you can apply the math to your own situation and this is just one of the increases.
Here's a summary of the average increases and how each demographic will be impacted:
Families $4,138
Baby Boomers $4,223
Low Income workers $1,207
Millenials $1,099
Retirees $857
How many kids do you guys have? I have 4 so effective 1/1/13 my taxes are going up $2,000.....guaranteed. The child tax credit is being cut in half from $1,000 to $500....you can apply the math to your own situation and this is just one of the increases.
Here's a summary of the average increases and how each demographic will be impacted:
Families $4,138
Baby Boomers $4,223
Low Income workers $1,207
Millenials $1,099
Retirees $857