Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal,according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more –or an additional $2,711 –in taxes this year,while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent –or up to $1,784 –the D.C.-based think tank reported.
Overall,nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
Read more at The Daily Mail. By Hayley Peterson.
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