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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’
http://finance.yahoo.com/blogs/daily-ticker/unemployment-benefits-payroll-tax-cut-really-risk-going-161508496.htmlAt 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.
DesperateInRI- Administrator
- Posts : 429
Join date : 2012-09-14
Age : 66
Location : CT
Re: Unemployment Benefits, Payroll Tax Cut Really at Risk of Going Over ‘Cliff’
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.
pbrad009- Member
- Posts : 46
Join date : 2011-03-07
Re: Unemployment Benefits, Payroll Tax Cut Really at Risk of Going Over ‘Cliff’
This is old news, buddy! Don't you read the paper?
DesperateInRI- Administrator
- Posts : 429
Join date : 2012-09-14
Age : 66
Location : CT

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» Renewal of unemployment benefits, largely overlooked in Congress' debate over extending the payroll tax cut, comes with a hefty price
» Payroll Tax Cut and UI Benefits Back Up For Discussion!
» Tenative Deal Reached On Payroll Tax/Jobless Benefits
» Congress shifts to payroll tax holiday, UI benefits ~ Votes this week!!
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