2011 Payroll Tax Deduction is a Small Windfall

Thanks to the tax bill Obama signed into law a few weeks ago, most people will see a small bump in their take-home pay for 2011. That is because the payroll tax, ordinarily set at 12.4% (split evenly between the employer and the employee), will decrease to 10.4% for the next 12 months. This small but steady windfall would affect most workers and self-employed workers. ...more

This is a clear policy of tax reduction. when people in the press against the tax it will have a ...more