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Archive for October 2012

On October 29, 2012

Fiscal cliff: Payroll tax cut may not survive

For all the uncertainty over how lawmakers will handle the expiring tax cuts under the fiscal cliff, there seems to be growing clarity surrounding at least one measure: the temporary 2% payroll tax cut.– Bottom line: It’s likely toast. The payroll tax cut — worth 2% of one’s wages up to $110,100 — was intended