December 22nd

December 22nd is really the last day the so called "Fiscal Cliff" can be avoided.  Keep in mind starting on December 23rd any income earned by Federal Employees will be taxed based on 2013 rates.  Thus if nothing is agreed to by 12/22 then the Bush Tax Cuts go away and the Social Security Tax will go back to 6.2%.  So all Federal Employees will their take home pay drop substantially with the first paycheck in 2013.