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Huge tax increase looms at year-end ‘fiscal cliff’

October 2, 2012
By ANDREW TAYLOR , THE ASSOCIATED PRESS

WASHINGTON - 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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