Wednesday, December 5, 2012

Fiscal Cliff Impact

From the Tax Foundation:

This calculator allows you to compare your federal tax burden under two scenarios - what you paid when you filed this year (2011 tax law), and what you'll pay in 2013 assuming the country goes over the "Fiscal Cliff" - that is, all Bush-era and Obama tax cuts expire, the payroll tax holiday expires, and AMT is not patched.

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