{"id":265528,"date":"2010-02-02T09:54:47","date_gmt":"2010-02-02T14:54:47","guid":{"rendered":"http:\/\/www.businessinsider.com\/obama-is-sticking-it-to-the-middle-class-too-2010-2"},"modified":"2010-02-02T09:54:47","modified_gmt":"2010-02-02T14:54:47","slug":"its-not-just-the-rich-obama-tax-hikes-will-stick-it-to-the-middle-class-too","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/265528","title":{"rendered":"It’s Not Just The Rich: Obama Tax Hikes Will Stick It To The Middle Class, Too"},"content":{"rendered":"

\"obama<\/p>\n

Obama has emphasized in his speeches that it is the “richest Americans” who will get hit with tax increases<\/a>, but by letting many tax-relief initiatives expire, Obama is targeting middle class Americans with shadow tax increases too.<\/p>\n

Reuters<\/a>:<\/p>\n

If the provisions are allowed to expire on December 31, the top-tier personal income tax rate<\/span> will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.<\/p>\n

Now don’t miss:<\/strong> How the %&@! Do You Spend $3.8 Trillion ><\/strong><\/a><\/p>\n

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