'Cliff' Will Hit Middle Class with AMT
December 30, 2012 - 8:17am
Josh Boak, The Fiscal TimesThere’s a common misperception about the fiscal cliff — that the tax increases only apply to 2013. Not true.
In a cruel epilogue to 2012, roughly 28 million families would owe the IRS $86 billion more than they anticipated for this year should the country plunge off the cliff, according to the nonpartisan Tax Policy Center.
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