Health & Fitness
Tell Washington to "Extend the Payroll Tax Holiday"
Reinstate the Payroll Tax Holiday; else taxpayers will pay 2% more than last year ($2,000 for $100,000 wage earner)
Did you see your taxes go up in 2013? Tell Washington to "Extend the Payroll Tax Holiday". Share this on your favorite social media sites and encourage everyone you know to do the same, then follow the link and sign the petition. We need 100,000 signatures by Feb 21, 2013 to get an official response from the White House.
Paraphrased from the Wall Street Journal:
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The fiscal cliff deal did not extend the payroll-tax holiday. The biggest hit to 2013 growth appears likely to come from this tax break’s expiration on Jan 1 2013.
The workers’ share of the Social Security payroll tax had been lowered by two percentage points for the past two years, to 4.2% from 6.2%, amounting to an annual income boost of $1,000 for a typical U.S. family earning $50,000 a year. It provided an increase of as much as $2,202 this year for a worker earning $110,100, the maximum wage subject to the payroll tax.
Find out what's happening in Pleasantonfor free with the latest updates from Patch.
The end of the tax break effectively raises taxes for all wage earners this year.