"Fiscal Cliff" 운운하는데, 마침 timely information 입니다.
Thank you.

As you see, it's not really an event like a cliff.
I think Republicans might have named it as such as if it would be a some kind of major disaster
as a part of their election stragedy.
Now you know what kind of cliff this is... something we can walked down, not fall into.

How the Fiscal Cliff Could Affect Families, By State

Michael
November 12th, 2012
 
From the Tax Foundation:

To illustrate the potential impact on typical families, we have used Census and IRS data
to estimate income and deductions for the median two-child family in each of the fifty states.
We then ran these returns through our online tax calculator under two scenarios—2011 tax law
(chosen because it is the latest year that an AMT patch was in effect), and 2013 law,
assuming all Bush-era and Obama tax cuts expire and AMT remains unpatched.

 

운영자 Note: This income figures are probably for the two-earner family.
For single-earner families, their income will be less.
So to them, it's going to be "the fiscal slope (not a cliff but a intermediate blue slope)",
and for the low income family, it will be a fiscal treadmill (or fiscal nothing.)
I guess it can be a cliff for the very higher income families.

To me, a retired fixed-income family, it will a fiscal beginner's green slope.
Again, Obama's tax increase hits the people harder with annual income over $250,000.
How many among us are losing sleep on this?