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News Link • TAXES: Federal

Huge tax increase looms at year-end 'fiscal cliff'

• AP
A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday.

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http://www.washingtonpost.com/business/economy/americans-would-pay-536-billion-more-in-taxes-if-congress-doesnt-act-on-fiscal-cliff-report-says/2012/10/01/e5e0635a-0bdc-11e2-bb5e-492c0d30bff6_story.html


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