Originally Posted by Link above
So, here's what will happen in 2010. If you pay the 10% rate, your income tax will increase to 15%. If you pay 15% now, it will stay the same. If you pay 25%, you will pay either 31% or 36%. If you pay 33% now (one third your income), your taxes will go up to 39.6%.... these are the levels before the tax cuts took effect.
For EVERY PERSON PAYING TAXES, they will see their tax bill go up by at least several hundred dollars per year. Most people, especially married couples filing jointly, will see their taxes go up by thousands per year.