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Detailed text transcripts for TV channel - FOXNEWS - 20121226:19:36:00

Reaching a deal at all. especially when the main sticking point remains whether to increase tax rates for top earners. so if washington cannot make a deal, what does it mean for you and i? ordinary taxpayers? molly henneberg is live in washington. reporter: hi, gregg, i have an answer for you, taxes will be going up for almost everyone if we go over the cliff, and it likely will take a toll on an already-stretched family budget. let s look at these numbers from the tax policy center. for those whose taxes do go up, this is the average tax hit families will take on top of what they already pay in taxes. below $10,000 they ll pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000, they ll have to pay an extra $1700. looking at the next set of numbers for wage earners, $50-$75,000, they ll have to find an extra $2300 to send to washington, and if you managed to makeover $200,000, it will be ....

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