Tiresome Show On Payroll Taxes

Summary


THIS YEAR'S cut in the amount Americans contribute to Social Security meant an extra $1,000 in spending money for a family making $50,000.

It also meant $120 billion wasn't invested in a critical safety net frayed by demographics and political cowardice. The cut worsened Social Security's precarious finances, caused by too few contributors and too many recipients.

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Extract


Tiresome Show On Payroll Taxes

At the moment, Congress is considering whether to continue the payroll tax cuts through 2012. In ordinary t...

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