payroll tax

The financial health of Social Security has improved slightly in the past year, with the system expected to exhaust its reserves to pay benefits in 2034, a year later than previously projected, according to the 2015 Social Security Trustees Report, released July 22. At that time, if Congress has…
If Washington's politicians can't reach a deal to avert the fiscal cliff, the temporary payroll tax cut passed two years ago as an anti-recessionary measure could evaporate - and with it, starting in January, a percentage of your take-home pay.
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