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If tax cuts expire, how much will you owe?

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With fears of the “fiscal cliff” increasing, citizens are wondering what these means for their taxes. It seems as if the very rich and very poor will be hit the hardest. The Democrats and Republicans have plans that vary. 

The Tax Policy Center has created a “calculator” that makes it easy for citizens to estimate the increase in taxes if the cuts expire. 

Read the article here

Tax Policy Center Calculator

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