On January 1, 2013, the New Year will begin with a $514 billion tax increase, popularly known as the fiscal cliff. This taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. increase is one of the largest in history. But it's still hard to understand that $514 billion number.
The season being what it is, with Christmas mere days away and the impending fiscal cliff just a few short days after, it only makes sense to give context to the cliff with a little help from Christmas. Inspired by the cost of each item of Twelve Days of Christmas, I present: "How Many Days of Christmas Could the Fiscal Cliff Buy?"
