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Originally Posted by Frequent Flyer
Bend over, here it comes again.... Right out the gate deduct (at least)another $1,000 bucks (I think it's safe to assume we are all making more than 50 grand a year) confiscated from your paycheck to be pissed away by the federales
WASHINGTON (AP) — While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.
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Read more: http://www.nydailynews.com/news/nati...#ixzz2H1ITi1kG |
What do the words "not prevent a temporary reduction in Social Security payroll tax from expiring" mean to you? They're getting rid of a wasteful tax cut. Read the articles you copy and paste.