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elleng

(131,176 posts)
Thu Dec 27, 2012, 06:15 PM Dec 2012

Factbox: 'Fiscal Cliff' Tax, Budget Provisions in Detail

The U.S. government's annual tax take would rise by $500 billion, significantly lowering the federal budget deficit, but at a high economic price.

On average, each U.S. household's tax bill would rise by $3,500; for middle-income households, by almost $2,000, according to the Tax Policy Center, a non-partisan think tank.

Here are the key tax increases, spending cuts and other issues that have come to be known as the "fiscal cliff":

http://www.nytimes.com/reuters/2012/12/27/business/27reuters-usa-fiscal-cliff-elements.html?hp

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Factbox: 'Fiscal Cliff' Tax, Budget Provisions in Detail (Original Post) elleng Dec 2012 OP
Mandatory federal employee offs. westerebus Dec 2012 #1
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