Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new
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Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal

Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal

By Hayley Peterson

4 January 2013

Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. 

Earners in the latter group will pay an average 1.3 percent more – or an additional $2,711 – in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent – or up to $1,784 – the D.C.-based think tank reported. 

Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.

 Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal,
Nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff dealNearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal

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