What is the 'fiscal cliff?'

Published On: Nov 09 2012 11:50:09 AM EST   Updated On: Dec 31 2012 08:28:08 AM EST

Confused by all this talk of a "fiscal cliff" and what it means to you? As lawmakers in Washington try to beat tonight's deadline, here are some answers.

Tax forms, taxes, money
8 / 17
iStock / peanut8481

Now all of those things -- the Alternative Minimum Tax, the undoing of Bush/Obama tax cuts and the Budget Control Act -- are about to hit. It's what some call a "perfect storm" of economic disaster.

Comments

The views expressed are not those of clickorlando.com, WKMG or its affiliated companies. This is a community moderated forum (Please note the 'Flag' button). By posting your comments you agree to accept our Terms Of service
blog comments powered by Disqus