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Unemployment Benefits, Payroll Tax Cut Really at Risk of Going Over ‘Cliff’

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Unemployment Benefits, Payroll Tax Cut Really at Risk of Going Over ‘Cliff’ Empty Unemployment Benefits, Payroll Tax Cut Really at Risk of Going Over ‘Cliff’

Post by DesperateInRI on Tue Nov 27, 2012 1:33 pm

At this point, there seems to be very little discussion about this issue — or the broader issue of infrastructure spending — in the ongoing debate about the fiscal cliff.
In a separate but related development, the temporary 2% payroll tax cut is also set to expire on Dec. 31. As of now, it appears the payroll tax cut will be allowed to expire, raising taxes by $1,040 a year for an average family of four earning $50,000.

Related: Here's Why Your Taxes Are Going Up 2% Next Year: Just Explain It

As with unemployment benefits, this issue appears to have been lost in the fiscal cliff discussions, which seems to have become fixated on individual tax rates.
http://finance.yahoo.com/blogs/daily-ticker/unemployment-benefits-payroll-tax-cut-really-risk-going-161508496.html

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Post by pbrad009 on Tue Sep 09, 2014 3:11 pm

I think the tax cuts should stay in place for working Americans. That extra thousand dollars a year will hurt a family of four making $50k. Its not like they will offset the rise in taxes with an extension of UEB. Also, rollback some of these capital gains tax increases to prime more investment in stocks, bonds and mutual funds.

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Post by DesperateInRI on Thu Sep 18, 2014 8:44 pm

This is old news, buddy! Don't you read the paper?

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