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A big jump up, on average about $14,000 additional. and for the highest wage earners, here are those numbers. $500,000 to a million, they'll pay an average of $34,000 more. and over a million? the irs will want $216,000 additional dollars from you on top of what you already pay in taxes. so that's the individual picture. here's the bigger economic outleak. outlook. >> if, in fact, we do go over the fiscal cliff, it means the economy's going to go down pretty sharply. we're talking about $536 billion in tax increases, $110 billion in spending cuts at the federal level all hitting during january...

Additionally. the highest wage earners, $500,000 to a million, they'll pay an average of $34,000 more. over a million, the i.r.s. will want you to send $216,000 additional dollars on top of what you already pay in taxes. a wealthy manager says families need to do austerity calculations before big purchases. look at the money you have and the money you'll need and decide if you need that next big purchase. >> thank you for all the good news. the threat of those tax hikes molly was talking about hitting main street. shoppers are steering clear of stores. coincidence? maybe not. the holiday sho...

Send a check to uncle sam for on average, about 14 thou additional dollars. and the highest wage earners, here are those numbers. if you make between $500,000 to a million, you will pay on average $34,000 more. and if you make over a million, the irs will want $216,000 additional dollars from you on top of what you already pay in taxes. one financial advisor tells fox that the uncertainty of it all is making families less willing to spend money before or after christmas and it is making businesses less willing to hire new employees. kelly? kelly: that is the uncertainty we've been talking moll...

That, get ready to pay over $6,000 in addition to your usual tax bill. married couples with children will get hit pretty hard as they would lose a lot of tax breaks and credits they've enjoyed for years. >> we hear about those who make more than $250,000 a year. what about those people, the highest tax bracket? >> they'll shoulder a big chunk. if you make over $200,000 it will be a jump up. send a check to uncle sam for on average, $14,000 additional. $500 to a million, if you make that, you'll pay $34,000 more. and if you make over a million, the i.r.s. will want $216,000 from you on top of w...

>> reporter: well, hats off to the people of elkins, west virginia, and this entire randolph county. listen, the people of west virginia are hearty, and they're stout. they anticipated sandy's scorn coming to hit them and hit them hard with the blizzards, and those blizzard conditions have not stopped them from getting out there to actually make the roads passable even up in the higher elevations, megyn. as you know, up near snowshoe mountain, they can be very high, some 3,200 feet, and coming over those treacherous roads because of ice and snow and wind, they can be devastating. 14,000 people...