Thread: Social Security Gotcha
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Old 02-10-2012 | 05:21 PM
  #23  
Busboy
Gets Weekends Off
 
Joined: Aug 2006
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From: leaning to the left
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Uhhh....

"...President Obama is proposing a one-year extension and expansion of the tax holiday already in place on the employee share of the payroll tax, cutting it to 3.1% from the 2011 rate of 4.2%. He also proposes cutting the employer share of the tax to 3.1% from 6.2% on the first $5 million of payroll next year; there would be a complete employer payroll tax holiday for companies that grow their payrolls up to $50 million in a year by hiring new workers or raising the salaries of existing workers..."



Fox Business News-Obama's payroll tax plan