This after adding another $1.1 trillion to the national debt in 2012 (marking the fourth year in a row with a deficit of more than $1 trillion)...
And another $641 Billion is projected to be the deficit for the fiscal year of 2013 .....
And with all that, despite what you've been led to believe, MOST of your taxes will be going up this year.....
Keep voting for those feel good politicians, geniuses
Despite deal, taxes on most Americans will go up...
Washington – Taxes for most Americans will still go up this year despite declarations from President Obama and others touting Tuesday night's fiscal crisis deal as a victory for middle-class workers.
At the same time, tax relief that was included in the package comes at a cost -- contributing, along with new spending, nearly $4 trillion to the deficit over the next 10 years, adding to the nation's more than $16 trillion debt.
But there will be federal tax hikes in 2013. That's because the legislation pushed through the Senate and House on Jan. 1 does nothing to prevent a temporary cut in the Social Security payroll tax from expiring. That means, under the agreement brokered by the White House and Senate Republicans, 77 percent of American households will be forced to fork over higher federal taxes in 2013.
Households making between $40,000 and $50,000 will face an average tax increase of $579 in 2013, according to the Tax Policy Center's analysis. Households making between $50,000 and $75,000 will face an average tax increase of $822.
http://www.foxnews.com/politics/2013...#ixzz2GqDuTbaU


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