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Business News, Financial News, Business Headlines & Analysis - The Washington Post The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.

How the fiscal cliff would affect the poorest Americans Oct 28th 2012, 21:07 The fiscal cliff would hit the richest Americans harder than the poorest ones. If all of the tax changes happen on Dec. 31, the top 20 percent of Americans would see their effective tax rate rise about 5.8 percentage points on average, while the bottom 20 percent of Americans would see their tax rate rise about 3.7 percentage points, according to the Tax Policy Center That's largely because of the Bush tax cuts to income, capital gains and the estate tax. But certain parts of the fiscal cliff have would have a much bigger impact on poor Americans than rich ones. Read full article >>

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