Derek85 Wrote:
Nov 17, 2012 6:05 PM
If we go over the "fiscal cliff" the Bush Tax Cuts are rescinded and the first $10,000 in earnings have increased taxes of 10%, while everyone else goes up 3%. The 47% who pay no taxes is substantially reduced. If the automatic sequesture happens, federal spending goes down by 10%. Obama's $trillion deficits pretty much go away. Lets go with that.