You probably wouldn't be the first. Arf! :)

Since the child credit is being halved too they would have to claim an additional 7.6 dependents.

I should claim my dog, I think he eats more than I do. :)

They'll just claim 3 more kids (perhaps fictitious) in the "child tax credit" section, and then the "earned income tax credit" and they'll get a refund that exceeds their payroll withheld tax amount anyway. And HOW did somebody ever get away with naming that an "EARNED INCOME tax credit"? It sounds so...deserving. blaht. It should be named The No Skin in the Game Entitlement Loop Hole.

Editing that was a nightmare. ***********The first one is Tax Bracket 3, then Tax Bracket 2, then Tax Bracket 1.

Awesome- I ran the figures based on the website. 3rd Tax Bracket
2012
$40000 Salary
$36200 Minus 1 Allowance
4672.50 Tax Liability

2013
40000 Gross Salary
40000 Taxable Income (Assuming no more allowances)
5567.50 Tax Liability

$895 Difference

2nd Tax Bracket

2012
20000 Gross Salary
16200 Taxable Income
1672.50 Tax Liability

2013

20000 Gross Salary
20000 Taxable Income
2172.50 Tax Liability

Difference 500

3rd Tax Bracket

2012
10000 Gross Salary
6200 Taxable Income
620 Tax Liability

2013
10000 Gross Salary
10000 Taxable Income
1500 Tax Liability

880 Difference.

So the poor people who support Obama and encourage his tax cuts get to pay for their stupidity and inability to do the math. Hope you enjoy your Tax Liability doubling next year.

Though the stamp "BUSTED" may justifiably be put on this reply, although I started out "failing" to file -- I see it rather as refusing to participate in fraud -- of late my income is below the filing threshold.

Just curious- Do you limit your income, under-report, or just plain not file?

"The Obamacare Medical Device Tax begins to be assessed on January 1, 2013. This law imposes a new 2.3% excise tax on gross sales – even if the company does not earn a profit in a given year."
Wasn't something similar a part of what "killed Colorado" in AS?

The fact that I haven't filed a return in many years earns me hatred from almost every quarter. When I say folk aren't ready for (a real world) Galt's Gulch, one of the things I'm saying is that fear of and obedience to the State show no sign of abating. In fact, as reaction to this reply will show, they are as strong as ever.