As I said the other day, with the expiration of the 2% payroll tax cut and other tax increases, both the rich and the not so rich will see higher taxes in 2013. What to do, what to do? Well, see this article by Michael Cohn in Accounting Today that in effect says, spend less if you have to pay more in taxes:
http://www.accountingtoday.com/debits_credits/Dealing-Smaller-Take-Home-Pay-Fiscal-Cliff-65234-1.html
Gee, what a novel idea, spending less.
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