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2013 Tax calculator with various scenarios
Old 11-28-2012, 06:25 PM   #1
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2013 Tax calculator with various scenarios

Another 2013 tax calculator is available as described and linked in this article:
Calculator: The Fiscal Cliff and Your Taxes - Washington Wire - WSJ

Things don't look too bad for the home team.

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Old 11-29-2012, 12:35 AM   #2
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Thanks for the link.

Going over the cliff would increase our tax bill by 11% according to this calculator. Not as bad as I feared.

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Old 11-29-2012, 09:47 AM   #3
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Very interesting. Here are my results:

ScenarioAverage tax rateMarginal tax rate
Patched 2012 law6.72%16.13%
2013 law10.94%30.80%
Senate Republican6.75%15.00%
Senate Democrat6.75%15.00%

My taxes will go up 60% if they fall off the cliff (do nothing) and stay about the same if they do something.
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