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Fiscal Cliff Compromise – What’s Your New Tax Liability for 2013?

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With the dust beginning to settle on Congress’ fiscal cliff compromise, it’s time that American taxpayers begin to educate themselves on how the deal will affect their pocketbooks in 2013. And thanks to the tax gurus at the Tax Foundation, finding out is a relatively painless process.

By answering just five basic questions, the Tax Foundation’s Tax Policy Calculator can give you an estimate on how much more you will be sending to Uncle Sam. I can’t promise you’ll like the answer, but it is certainly an informative tool.