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The Boston Globe

Business

Tax bill for US gridlock? $3,500 per household

Nearly every household in the United States would pay higher taxes in 2013 unless Congress reaches a compromise on tax, spending, and deficit reduction measures over the next several weeks.

If a host of Bush-era tax cuts expire on Dec. 31 as scheduled, households would see an average increase of $3,500 in their tax bill, according to an analysis by the Tax Policy Center, a nonpartisan think tank in Washington. The increases would vary according to income, but 90 percent of all households would pay more.

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