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If the two sides do not compromise, a huge $600 billion tax increases and spending cuts in January 2013 is to be automatic trigger, the so-called "fiscal cliff, analysts say this will jar has very fragile economycanada goose outlet.

The main U.S. President barack Obama's proposal, democratic bill would continue bush era tax cuts for all the other than personal to at least $200000 a year, the couple's joint income more than $250000. canada goose jackets

The taxpayer will face top rate were 36% and 39.6%, not the 33% and 35%. This will mean higher taxes for 2.5 million households, or 2% of all 140.5 million tax return, according to the 2009 the irs data. canada goose handbags

Democrats say tax the wealthy should appreciate, because all income groups should help reduce the deficit. Republicans say, these tax increases will bear many of the owners of the company, let them less money to create jobs. canada goose shoes