Income Malaise Complicates Cliff Talks

Income Malaise Complicates Cliff Talks

If the two parties fail to come to a deal by Jan. 1, taxes on the average middle income family would rise about $2,000 over the next year. That would follow a 12-year period in which median inflation-adjusted income declined 8.9 percent, from $54,932 in 1999 to $50,054 in 2011.

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