To get an explanation of the American Taxpayer Relief Act of 2012, you can do more than take a look at your recent paycheck:
In the past few weeks, attention has focused on Washington and how the politicians would deal with the tax component of the so-called fiscal cliff (the tax increases that would automatically go into effect on January 1). On January 1, 2013 Congress passed the American Taxpayer Relief Act of 2012 (the “Act”), and President Obama signed the Act into law on January 2. Politicians have stated that the Act was designed to keep America from going over the fiscal cliff. But what does that mean?
[Read: A Brief Explanation of the American Taxpayer Relief Act of 2012 at The National Law Review]