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What the 'fiscal cliff' means for you

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If politicians fail to cut a "fiscal cliff" deal before Jan. 1, it means a lot less money in your pocket, period. This is especially true for lower-income earners, who will be hit hardest proportionally. To illustrate the danger the fiscal cliff poses to Americans right now, at Christmastime, we used the Tax Foundation's tax calculator to produce a few examples of how Americans in various life...

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