Higher taxes loom for Jan. paychecks

Higher taxes loom for Jan. paychecks

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As the nation inches toward the economic fiscal cliff, anxiety is growing among Americans, most of whom still live paycheck-to-paycheck. Several tax breaks are set to expire Jan. 1 without a political solution to the “fiscal cliff.”
Ar 121229745
Fiscal cliff and annual tax increases for paychecks

A big package of tax cuts first enacted during President George W. Bush’s term are set to expire at the end the year, unless Congress and the White House reach a deal to extend them. How the looming tax increases would affect households at different

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