Updated: 01/02/2013 6:07 PM KSTP.com By: Leslie Dyste
The tax package passed by Congress will prevent one set of tax increases from hitting the vast majority of Americans, but it won't stop them all.
A temporary Social Security payroll tax reduction is expiring, hitting nearly every wage earner, and income taxes on the wealthy are going up too.
How the tax increases will affect households at different income levels:
Annual income: $20,000 to $30,000
Annual income: $30,000 to $40,000
Annual income: $40,000 to $50,000
Annual income: $50,000 to $75,000
Annual income: $75,000 to $100,000
Annual income: $100,000 to $200,000
Annual income: $200,000 to $500,000
Annual income: $500,000 to $1 million
Annual income: More than $1 million
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