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The 2013 Tax Cliff

What is meant by the 2013 �tax cliff� being formed by the Obama Administration? (1) (2) In 2013 you would have the following recipe for a tax cliff:

(1) Bush era reduced tax rates expire,

(2) temporary tax holiday regarding payroll tax expire,

(3) proposed increase in marginal tax rates proposed in the so called �Obama Jobs Plan� come into effect,

(4) the laundry list of tax increases associated with ObamaCare come into effect.


(1) http://www.naturalnews.com/n ews_000615_Heading_towards_2013_tax_cliff.html

(2) http://online.wsjWSJ_hp_mostpop_read