DailyFinance: Fiscal Cliff Calculators—How Much More Will You Owe if We Fall Off?
How Much More Will You Owe if We Fall Off?
By Harris Effron
As Democrats and Republicans continue to battle over budget solutions, it's starting to look like America might actually fall off the fiscal cliff. If Congress and President Obama fail to come up with a mutually acceptable deal by Jan. 1, $607 billion in tax increases and spending cuts will automatically kick in. But what would this mean for your tax burden next year? DailyFinance has rounded up the best fiscal cliff calculators we could find on the Web.
(AP Photo/Carolyn Kaster, File)
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
As Democrats and Republicans continue to battle over budget solutions, it's starting to look like America might actually fall off the fiscal cliff. If Congress and President Obama fail to come up with a mutually acceptable deal by Jan. 1, $607 billion in tax increases and spending cuts will automatically kick in. But what would this mean for your tax burden next year? DailyFinance has rounded up the best fiscal cliff calculators we could find on the Web.
(AP Photo/Carolyn Kaster, File)
More From DailyFinance:
Poll Shows 25% Have an Opinion About a Fake Budget Plan
Is Obama a Socialist? In 2012, Millions Went to the Dictionary to Find Out
Are Mortgages from Walmart the Future of Lending?
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
