Change in after-tax income in the U.S. by not 'going over the fiscal cliff', 2013

Percent change in after-tax income in the United States from the 'fiscal cliff' deal compared to 'going over the cliff', as of January 2013

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Release date

January 2013

Region

United States

Survey time period

2013

Supplementary notes

After-tax income is cash income less: individual income tax net of refundable credits; corporate income tax; payroll taxes (Social Security; Medicare); and estate tax.
The American Taxpayer Relief Act of 2012 (ATRA) was passed by the U.S. Senate on January 1, 2013, and was signed into law by President Barack Obama on January 2, 2013. Its main purpose is the partial resolution to the United States fiscal cliff.

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