2012 Payroll Tax Cuts
In February, the Bush-era payroll tax cuts were extended to cover the remainder of 2012. Of course, 2013 will be decided upon next year. This means payroll taxes remain at 4.2% rather than 6.2% and...
View ArticleNY State enacts tax rate changes for wage-earners and employers
A tax reform bill for New York State was signed into law in December of last year by Governor Andrew Cuomo, creating four new tax brackets for wage-earners and eliminating or reducing the Metropolitan...
View ArticleSen. Rockefeller says payroll tax cuts help our economy
Americans, whether in favor or not, have been front-row watchers of the theater that is the congressional debate on payroll tax cuts for the past year. A prime point of contention has been that the...
View ArticleWhat are Americans doing with the extra cash from payroll tax cuts?
Notwithstanding all of the frenzy and debate surrounding whether or not to keep the payroll tax cuts for working Americans, the real heart of the matter revolves around what people are actually doing...
View ArticlePayroll tax cuts face likely end by December 31
Amidst much political fervor and partisan debate last year and early this year, the payroll tax cuts-dubbed economic stimulus plan stayed in affect. The cuts, which take two points from the normally...
View ArticleNY Supreme Court Judge Rules 12-Region MTA Payroll Tax Unconstitutional
A victory for NYC-area businesses was dealt on August 22, when a New York state Supreme Court justice ruled that a payroll tax funding the Metropolitan Transportation Authority (MTA) was...
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