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Moneywise

Higher taxes are coming your way; here's how to prepare

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  • Patrick Henry West Jordan, UT
    Jan. 13, 2013 10:20 a.m.

    The only higher tax coming our way is the payroll tax ( 4.2% to 6.2%). My wife and I don't make over $200,000, nor do we have investments outside of our 401K. The new tax increases will only impact a few Americans.

    If we were wealthy and made so much money I'm sure we would feel it chump change to pay a little more.

  • Kent C. DeForrest Provo, UT
    Jan. 10, 2013 2:19 p.m.

    The three tax increases mentioned affect a very small percentage of the well-off. They can afford it. The restoration of the prior rate in payroll tax deductions was going to happen no matter who became president. The Repubs favored this increase too. Actually, it should have never been reduced. Social Security needs the money. Now let's get serious about closing loopholes, eliminating deductions, and cutting some unnecessary fat from government, such as closing half of the 700 to 800 military bases we have in foreign countries.

  • Mountanman Hayden, ID
    Jan. 10, 2013 6:53 a.m.

    The saddest part of this story is that all these tax increases will do nothing to solve our debt problems and will kill jobs. Its what we get when we elect career politicians and socialist ideologists instead of business leaders who understand budgets, job creation and real world economics.

  • USAlover Salt Lake City, UT
    Jan. 9, 2013 3:31 p.m.

    Hope and Change!