"The Fiscal Cliff" Really???

[kandrathe]

I went over the fiscal cliff.

So much for "The Bush Tax Cuts for the Wealthy" -- I noticed that language is entirely absent from the dialog now.

I'm middle-middle class and returning to the Clinton era tax policy will reduce my net income by about $350 per month. It's about a 17% increase in my tax rate, whereas those in the wealthy category would only see their Income tax go up about 11%. Although, returning the double tax on dividends will be more harmful for those who invest (and for pensions). It would put the effective tax rate (assuming the top bracket) on dividend income at about 55%-65%.

It's about 48 hours away now.