Thursday, December 27, 2012

Fiscal Cliff Math

I'm seeing estimates of $2K increases in tax bills for $50-$75K households.

By my math that works out to $167 per month, or $40 per week.

For many folks, that works out to a tank of gas per week.

Thanks to paycheck withholding, most folks aren't even going to notice the increase until April 15, 2014 when they do their 2013 taxes.

Meanwhile, to the TV talking heads, it's the end of world as they know it.

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