The reason is that, while income tax rates have been largely preserved outside of upper income-earners, payroll taxes are going up on everyone by 2%. In 2011, Congress passed a one-year extension of a temporary payroll tax cut, from 6.2% to 4.2%. It's heading back to 6.2%,...
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Dude, get off the kool-aid. Don't be stupid. Of course everyone who is working pays payroll tax. The government taxes the pay of workers before the get their checks. The government calls it payroll tax. On your W-2 form it has a different name. On that form, its called Federal Income Tax. However, at the end of the tax year when you file your income tax and you get more money back from the government than you paid in, you paid no taxes. Hence, that is why 47% of Americans pay no tax. You need to see the photo grande', instead of seeing the world from your narrow ideological view.
Both the Senate and the House passed legislation yesterday to avert and delay the fiscal cliff. But make no mistake - every worker on a company payroll is going to see a tax increase. Take a close look at the first paycheck of 2013 and compare it with the last one of 2012.
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