Can Anyone with Knowledge break down The Fiscal Cliff?

[Ashyneezz]

I tried to read about it and watched some stuff on it but Im still not exactly sure what it's all about.

Does anyone really know

How will it effect the average person

We gonna get hit hard?

 

[AgentGrey]

Taxes -

Your net income - :deadmax:

 

[Arcavian]

The Fiscal Cliff Explained! (With Stick Figures) | Maxim

 

[Just like bruddas]

We owe the reserve
We pay it off with taxes
Not producing enough taxes