December 1 2012

The Fiscal Cliff and You

Vicki E. Alger

A typical family of four will wind up paying more than $3,000 in additional taxes thanks to the fiscal cliff, according to the Tax Foundation.

Families in New Jersey, Maryland, Connecticut, Massachusetts, and New Hampshire wind up paying the most—as much as $7,200 more in taxes. While families in Kansas, Colorado, Hawaii, the District of Columbia, and Washington pay the least, around $3,200.

What’s worse than handing some of our hard-earned income to Washington pols? Handing over more.

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