28% surge in individual income taxes this year

Rev 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”

Important Takeaways:

  • Americans paying most income taxes ever
  • 28% surge in individual income taxes this year
  • Another spurt in 2025 when the Trump tax cuts expire
  • The numbers were higher than the agency predicted last year, and as the economy recovers following the virus crisis, they are expected to go further

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