Just How Big Is The Payroll Tax Cut?

The 2-percentage-point payroll tax cut extended by Congress in??December and again??last week will save workers a total of $114 billion this year, according to the Joint Committee on Taxation. Spread over nearly 160 million workers, that's an average tax cut of $714. Yet the typical news report says "the average worker earning $50,000 [will] take ...

Topics:  congress   joint committee   taxation   payroll tax cut   workers   average   
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