Fiscal cliff looming includes personal tax hikes for everyone

The fiscal cliff includes tax hikes

The “fiscal cliff” composed of many elements is much in the news. Part of that is an increase in many taxes — not only income taxes on the “rich” — which will affect everyone in one way or another. The purpose of this writing is to attempt some plain language discussion of these matters and to assemble a variety of sources from all sides of the politics involved. (update: super set of charts – very understandable) Continue reading “Fiscal cliff looming includes personal tax hikes for everyone”