Tag: ‘temporary tax cut’

Note to the Rich: Don’t Spend All of Your Payroll Tax Cut Yet

By :: December 28th, 2011

After much anguish, Congress finally extended this year’s payroll tax cut for two more months. The final bill passed in nearly empty chambers a couple of days before Christmas. But this version differed in an important way from the measure passed by the Senate just a few days earlier. The final bill removed a cap […]

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The 16-Percent Solution—Hard on the Rich

By :: December 19th, 2011

The fate of The Temporary Payroll Tax Cut Continuation Act of 2011 remains uncertain. But thanks to a carefully crafted technical change to the current payroll tax cut, the Senate version prevents a handful of very high wage earners from potentially enjoying a huge windfall from the two-month tax break. The legislation would cut the […]

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