What the "fiscal cliff" bill means for tax rates

01/2/2013 | Wall Street Journal, The

The "fiscal cliff" bill that was recently passed by Congress contains a number of tax increases, the majority of which affect the highest-earning taxpayers. In addition to other changes, the bill would raise rates for single people who make $400,000 in taxable income; likewise, rates would increase for couples who bring in more than $450,000.

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