List: How Tax Increases Will Affect Households

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


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)