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Don’t Let Anyone Fool You: Middle Class Payroll Tax Will Go Up. That Was Decided A Long Time Ago.
When you ring in the New Year you will also be ringing in the pre-Bush tax break payroll tax adjustment. Why? Both sides of the isle have decided and agreed that the payroll tax adjustment is needed to secure the solvency of Social Security. The Republicans have remained silent over the middle class payroll tax…
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Only 8% of small business make over 200K a year.
House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals. Boehner erred when he said that “the problem with raising tax rates on the wealthiest Americans is that more than half of them are small-business owners.” That’s incorrect. Boehner’s spokesman said the speaker simply misspoke, but Boehner…