After reading Fate of paychecks rests on fiscal cliff this morning, I realized my draft 2013 budget was based on this year's tax rates. Hmmm. I'm not sure it is worth the effort to figure out what our FICA and Federal income taxes would be if the automatic increases in both (or return to normal in the case of FICA) actually happens. What I do think is that I need to come up with an estimated increase total to factor into my budget.
Has anyone figured this out yet in terms of how to calculate the impact specific to one's own finances?