What a Post-‘Fiscal Cliff’ Deal Will Cost US Households

This is an interesting article about the real impact of the “fiscal cliff” – the boatload of changes that MAY happen at the end of this year.

Steve

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What will falling off the “fiscal cliff” cost your household?A report by the nonpartisan Tax Policy Center puts the average tax increase at $3,500 per household in 2013.Some of the hardest hit will be the highest earning — and highest spending — families, who will feel an average bite of $14,000.Together, the tax effects of the fiscal cliff alone would drain more than $500 billion from the economy, the report estimated, putting a whammy on growth that would further deplete our pocketbooks.

via What a Post-‘Fiscal Cliff’ Deal Will Cost US Households – US Business News – CNBC.