As discussed in ‘Congress Expected to Extend Payroll Tax Holiday into 2012’ there is quite a debate going on in Congress right now regarding Social Security. While the main question is whether to extend the Social Security tax cut, an underlying question is how to keep Social Security solvent. Every year, Congress waits until the […]
Congress Expected to Extend Payroll Tax Holiday into 2012
Before the end of the year, Congress will be voting on whether the current payroll tax holiday will be extended into 2012 or it will be allowed to expire at the end of 2011. Without an extension, taxes for the average American family would be approximately $1,000 higher next year. Update 12/24/11 – The House […]