The Fiscal Cliff Deal And Your Taxes
Short Answer: Your Taxes Will Go Up
The new deal to avoid the fiscal cliff means the average Alabamian will pay an additional $579 dollars a year in taxes, but some will pay much more. The tax package passed by Congress yesterday prevents one set of tax increases from hitting most Americans, but it won’t stop them all. A temporary Social Security payroll tax reduction will expire, meaning nearly every wage earner will see taxes go up. The wealthy also face higher income taxes.
The median household income in Alabama is just under $43,000. How the tax increases will affect households at different income levels:
Annual income: $20,000 to $30,000
Average tax increase: $297
Annual income: $30,000 to $40,000
Average tax increase: $445
Annual income: $40,000 to $50,000
Average tax increase: $579
Annual income: $50,000 to $75,000
Average tax increase: $822
Annual income: $75,000 to $100,000
Average tax increase: $1,206
Annual income: $100,000 to $200,000
Average tax increase: $1,784
Annual income: $200,000 to $500,000
Average tax increase: $2,711
Annual income: $500,000 to $1 million
Average tax increase: $14,812
Annual income: More than $1 million
Average tax increase: $170,341
International students in Alabama fearful after researcher with no political ties is detained
Alireza Doroudi has been detained in an immigration facility in Louisiana for nearly six weeks. Doroudi’s detention has instilled fear in the small Iranian community in Tuscaloosa, Alabama, where he and his fiancee are doctoral students
Why midwives are worried
In Chad, they're a key force in addressing the country's high rate of maternal mortality. But U.S. aid cuts have affected their salaries.
Talk therapy is up, and use of psych meds without therapy is down, a study finds
A study from the American Journal of Psychiatry suggests that psychotherapy is becoming more accessible to people. The study looks at trends in mental health treatment from 2018 to 2021.
With disability rights under attack, history offers hope and a possible playbook
Harvard researcher Ari Ne'eman says the policy shifts underway under the Trump administration pose a unique threat to people with disabilities, but that they've fought for rights before and won.
Why Israel plans to limit life-saving aid into Gaza. And, Diddy’s trial begins today
Israel's cabinet approved a plan to limit the way life-saving aid is distributed in Gaza. And, Diddy's trial begins today wth jury selection.
Jury selection in Sean ‘Diddy’ Combs sex trafficking trial begins today
The trial for the rap mogul, who faces criminal charges for sex trafficking, racketeering conspiracy and transporting to engage in prostitution, is underway. Opening statements are slated for May 12.
