The heated fiscal cliff negotiations are over ? for now ? so it's time to assess your wallet. You probably understand the centerpiece of President Obama's much maligned offer to Republicans, which raised income taxes on the wealthiest Americans by allowing the Bush-era tax cuts to expire for the highest brackets. (Obama was aiming to increase taxes on individuals making more than $250,000 per year and, but eventually settled on a threshold of $400,000, and $450,000 for couples. ...
Source: http://news.yahoo.com/house-sets-votes-sandy-storm-aid-rep-king-204314398--sector.html
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