We’re Saved from the Fiscal Cliff! Your Taxes are Still Going Up
Well, most of you. And, the less you make, the more it will hurt. The payroll tax reduction, which -as part of the stimulus- took the rate from 6.2% to 4.2%, has expired. This tax affects everybody, but it has a cap – so people who make a lot of money only pay it on [...]
This Tax Will Probably Go Up, No Matter Who is Elected
Are you aware that the federal Social Security Payroll Tax is scheduled to increase in 2013? Not many people are. The tax was reduced temporarily for 2011 and 2012, but Congress will probably let the reduction expire. (MyWay) President Barack Obama isn’t talking about it and neither is Mitt Romney. But come January, 163 million [...]
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