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
========================================
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.