Tax Policy

Fiscal Cliff Deal + Obamacare = Higher Taxes on the Rich

By on January 10, 2013

Tax Policy

Fiscal Cliff Deal + Obamacare = Higher Taxes on the Rich

How much will your 2013 tax bill rise as a result of the yearend deal in Congress and the Affordable Care Act? Using Tax Policy Center data and three hypothetical taxpayers, here’s a look at what’s new—and what stays the same. The figures in green represent additional taxes. Calculate your own at calculator.taxpolicycenter.org.

Summers covers Wall Street and finance for Bloomberg Businessweek.
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