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Monday, October 15, 2012
#302: Translating the Fiscal Cliff Into $ and ¢
Whoever becomes President, if Congress doesn't figure out a way to keep us from going off the fiscal cliff, things could get worse and fast! Regardless of election outcome, everyone will likely see their payroll tax holiday from 2011 & 2012 expire, resulting in higher FICA taxes. The key to minimizing the pain is in dealing with the Bush tax cuts. Listen to Jean Chatsky explain in real dollar terms!
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