Monday is the deadline for a resolution between the White House and the House of Representatives and if that is not reached then middle income American families will be hit hardest - losing upwards of $4,603 a year for a couple whose household earns $100,000.
That would leave married Americans almost $400 a month worse off and with high gas prices and a fragile economy only starting to show green shoots of recovery, it could be catastrophic not just for the U.S. but for the wider global economic health.
The fiscal cliff tax burden for married people is shown here in this graph
This chart shows a snapshot of how single people in different income groups will be affected by the U.S. stepping off the fiscal cliff
A single American earning $50,000 would lose $1,128 off their yearly salary, as their effective tax rate rises from 18 percent to 21 percent. POST