Fiscal Cliff Deal: Here's Your Cheat Sheet to the Senate Compromise .

By WallStreetCheatSheet

The Fiscal Cliff stole the New Year’s spotlight from the Time’s Square ball. Even with over a year of foresight to deal with a large portion of the January 1 Fiscal Cliff issues, the U.S. Senate continued to prove the S&P was correct when downgrading the U.S. credit rating mainly due to political incompetence: at the absolute last second, the senators finally struck a deal and passed a bill 89-8.

As we await a slow-motion reaction from the House of Representatives, here’s your Cheat Sheet to the deal as it was blessed by the Senate:

Income Taxes: The