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Calculating your tax burden if we go over the cliff

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This past weekend, the Washington Examiner ran an editorial explaining how going over the “fiscal cliff” would affect certain types of taxpayers. For instance, we imagined Anne, a single mom making $40,000, and came up with: What she pays now: $4,268 If we go over the fiscal cliff: $6,048 Difference: $1,780 In addition to increases in her income and payroll taxes, Anne will lose out because...

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