Understanding the Payroll Tax Cut

By: dhancock (Diary)  |  December 23rd at 09:27 AM  | 

1 – Should it be called a Tax Cut? YES If we believe the Social Security claim of the last 75 years, what Congress is talking about is reducing the amount of your paycheck that is contributed to the federal Old-Age, Survivors, and Disability Insurance (OASDI) program.  Most people see this as a ‘lock box’, where we are putting away money to be taken out | Read More »