In his weekly radio and Internet address Saturday, President Obama said the average middle-class family of four could pay $2,200 more in taxes next year if the United States goes over the so-called "fiscal cliff."
The amount works out to more than $75 per paycheck, every two weeks.
Obama said Republicans could give families “a sense of security going into the New Year” by extending tax cuts for the middle class.
The president visited a family in Falls Church Friday to talk to them about the possibility of having to pay more in taxes.
You can see what others across the country are saying about the issue on Twitter by viewing tweets with the hashtag "#my2k."
Would you have to cut back on anything in your household in order to pay those taxes? Groceries? Gas? Childcare?
Tell us in the comments box below.