What exactly does this fiscal cliff mean?


fiscal cliff situation taxes have gone , government spending have gone down around 600$ billion dollars. there budget cuts across government departments, , tax increases @ income brackets. fear tip economy recession. of course, has been averted, basic gist of it.
more comprehensive explanation can found on wiki: http://en.wikipedia.org/wiki/united_stat...
, yes, taxes go in southern california. making on $400k/year see higher tax bill, , payroll taxes have gone well.

can explain little better? , our taxes go here in southern california? , if how much? thanks


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