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Tuesday, June 19, 2012

Taxmageddon

Taxmageddon to Hit These States and Congressional Districts Especially Hard

Taxmageddon is getting ready to suffocate the U.S. economy under crushing tax increases on January 1, 2013. These tax hikes include the expiration of the 2001 and 2003 tax reductions and the tax increases from the 2010 health care law.

The Heritage Foundation’s Center for Data Analysis (CDA) ran the numbers based on data from the IRS and found how much Taxmageddon will cost the average taxpayers in each state and congressional district.

The $494 billion in new tax increases is $4,138 more in taxes for the average family in 2013, but some places will pay more.

Here is how much the average tax return in the worst hit states will pay:
Connecticut: $5,161
Nevada: $4,609
Delaware: $4,390
New Jersey: $4,216
Maryland: $4,071
Massachusetts: $4,039
New York: $3,773
Virginia: $3,762
Washington: $3,749
Montana: $3,713

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