Democrats Give Republicans First Good Rogering Of The New Year
For those of you who receive income from Stock Dividends...
Dividend taxes for those earning less than $450,000 a year will remain at 15% (18.8% with the surcharge, for those with income between $250,000 and $450,000).
As for the 2% payroll tax cut... IT’s GONE!
The payroll tax cut was always supposed to be a short lived measure to boost the economy. And it shouldn’t have happened in the first place. All that cut did was weaken social security which will hurt the poor and middle class much more meaningfully that added the 2% back onto a person’s paycheck like before two years ago. And the genuinely poor don’t pay income tax - they get it back at filing time by way of deductions.