How Taxmageddon Will Crush The American Family [Infographic]

Taxmaggedon, or the fiscal cliff, refers to the tax increases and spending cuts set for the start of 2013 if Congress doesn’t act.

Even though it won’t be the largest tax increase in history, it would send an unprecedented shock through the U.S. economy that will be difficult to overcome.

This infographic from The Heritage Foundation explains average cost to American families: 

tax infographic

Photo: The Heritage Foundation

SEE ALSO: Peter Orszag: There Could Be A Silver Lining To ‘Taxmageddon’ >

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