Tag Archive: "fiscal cliff"
The Senate in the early morning hours of January 1, 2013 passed a bill to avert the “Fiscal Cliff”. This bill is now headed to the House and it may be passed, not passed or amended and passed back to the Senate for further agreement. Assuming that the Bill is passed as is, there are […]
We had several readers respond to our post yesterday asking for a couple more examples for a more “typical” situation. The seminar included other examples. One example was a married couple with three children and “normal” itemized deductions with the husband earning $100,000. In this example, the gross income tax owed for 2011 was $7,779. […]