Payroll tax cut: A short primer
from The Wall Street Journal
The proposed 2 percent rollback of individuals' payroll taxes used to fund Social Security is the latest iteration of an idea that's been kicked around for years as a way to supplement incomes and boost economic growth. Under the plan, the Social Security payroll tax on individual wages would be lowered to 4.2 percent in 2011, from the current 6.2 percent rate.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063