Tag: ‘payroll tax holiday’

How Much Will 2013’s Payroll Tax Hikes Cut Your Take-Home Pay?

By :: April 5th, 2013

2013 is a tough year if you owe payroll tax, as most of us do. Not only did the 2010 payroll tax cut die at the end of 2012, but high-income workers now owe an extra 0.9 percent, thanks to the Affordable Care Act. Economists worry about what the combined new taxes will mean for […]

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A Two-Month Payroll Tax Cut is Dumb, So Is How Congress Got There

By :: December 20th, 2011

House Republicans are right about one thing at least: Extending this year’s payroll tax cut for two months is ridiculous. The trouble is they are largely to blame for the very policy they are criticizing. Congress got itself in this mess because a few dozen self-styled tea partiers have refused since last summer to helo build a […]

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How a Payroll Tax Cut Boosts the Chances for Tax Reform

By :: December 8th, 2011

When Congress finally extends the payroll tax cut that is due to expire in a few weeks, it may also be taking another step down the road to tax reform—and perhaps even to big Social Security changes as well. Why? Because without fundamental reform, it will be devilishly hard for Congress to ever get rid […]

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