- #36
Gokul43201
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Which taxes have increased, and by how much?Pengwuino said:Heh, my parents are pure middle class and had nothing but higher taxes and higher medical bills because of him.
Digging around the internets, I count a total of about $60B in tax hikes that have taken effect so far (nearly a third of which involves plugging a loophole in an alternative fuels tax credit that primarily affects the lumber/paper industry - see "Black Liquor Tax").
The 'Making Work Pay' tax credit alone was over $100B, and if you throw in all the payroll tax cuts and small business credits that Obama has passed, I wouldn't be surprised if there's been close to $200B in cuts.
So I'd be surprised if any significant fraction of the population has seen an increase yet (though that may change in the next few years). I think you'd have to be a chain smoking (see: tobacco tax increase) paper mill to have seen more tax raises than cuts.