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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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Detailed text transcripts for TV channel - FOXNEWS - 20121226:17:40:00

Wondering what kind of tax hike they will be facing if we go over the cliff. one economist says the impact on families will not be insignificant. if we go off the cliff unimpeded, in other words, they don t make any kind of deals whatsoever, it s a $400 billion tax hike. it is one of the, the biggest tax hikes we have ever had in the history of the country. reporter: let s look at the numbers from the tax policy center. this is the average tax hit families will take on top of what they already pay in taxes. so those who make below 10,000 will pay an average of about $300. going to the bottom level there, those who make between 40 and 50,000, they will have to pay an extra $1700 on average. looking at next set of numbers for wage earners. 50 to 75,000, they will have to find an extra $2300 to send to washington. if you managed to make over $200,000 on the income mark it will be a big jump up, ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121226:20:45:00

Impact could be. spends how frugal you are with your money. one economist says the impact will not be insignificant. if we go off the cliff unimpeded, in other words, they don t make any kind of deals whatsoever, it s a $400 billion tax hike. it s one of the the biggest tax hikes we ve ever had in the history of the country. let s look at the numbers from the tax policy center. for those whose taxes go up, this is the average tax hit families will take on top of what they already paid in taxes. those who make below $10,000 will pay $300 more. down the chart, 30 to $40,000, an extra $1,400. on the next page, look at those making between 50 and $57,000, they have to find and extra $2,300 to send to washington. down at the bottom of the list, 100 to $200,000, if you make ....

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