Details of the American Taxpayer Relief Act
After the President signed the American Taxpayer Relief Act into law, the IRS updated their Notice 1036—more popularly known as “the income-tax withholding tables.”
Payroll taxes are reverting to what they were in 2010, meaning most American taxpayers will be missing 2% of their paychecks.
Another perspective on the fiscal cliff, spending, and taxes.
CNN has an income-based chart that breaks down how much the average American will pay in taxes due to the American Taxpayer Relief Act.