Quantum Windbag
Gold Member
- May 9, 2010
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If only someone had explained this to them before.
Wait, we did.
Folks freak at size of tax hikes if fiscal cliff isn’t averted - NYPOST.com
Wait, we did.
Theyre ready to jump off a real cliff.
New Yorkers of all income levels got a rude awakening yesterday when they saw in The Post how much more they will pay in taxes next year without a fiscal-cliff deal by Jan. 1.
Its that much higher? asked IT worker Vikas Kataria, 34, who discovered that his combined household income of about $250,000 per year will cost him nearly $10,000 more in taxes.
I thought it was a couple thousand but thats a lot, said Kataria, who works at Merrill Lynch in Manhattan and is married to a systems analyst for a brokerage firm. Thats huge!
With higher taxes, the couple would have to cut out on traveling and family vacations.
Clothing designer Peter Opie, of Canary Wharf Clothier, made about $2 million this year and would see his tax bill spike by a staggering $100,000.
The system is nuts here its madness personified! he said
We were impacted massively by the hurricane and now there is this, said Opie. You work your butt off and you end up with next to nothing.
Folks freak at size of tax hikes if fiscal cliff isn’t averted - NYPOST.com