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Taking home less

An array of tax cuts is scheduled to expire at midnight Dec. 31, increasing the withholdings in virtually every worker's paycheck. This chart shows the extra monthly bite for joint-filing households with a standard deduction, by number of children, if the Bush tax cuts and Obama's Making Work Pay tax credit expire:

An array of tax cuts is scheduled to expire at midnight Dec. 31, increasing the withholdings in virtually every worker's paycheck.

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Democratic activists criticize possible compromise by Obama on tax cuts
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Article | The White House and a transformed Congress are bracing for a high-stakes battle this month over a host of expiring tax breaks and benefits for the unemployed that could mark the first test of the new political dynamic in Washington.

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