Thread: Economics The Fiscal Cliff Approacheth
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Old 11-25-2012, 01:29 AM   #231
Direckshun Direckshun is offline
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Number of the Day: $1,423.00. That’s the net increase in federal tax burden coming for a married couple making between $20,000 and $30,000 a year if the austerity-crisis negotiations fail to produce a deal, according to a story by John D. McKinnon, Kristina Peterson, and Josh Mitchell in The Wall Street Journal. Roughly 90 percent of American households, according to the Tax Policy Center, will face higher tax bills in 2013 under such a scenario. Middle-income families, or those making between $40,000 and $65,000 a year, may pay an additional $2,000 in taxes. For more on the austerity crisis, see Wonkbook’s special section below.
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