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Paying 15 percent now they could look at paying whatever their regular income tax rate is which could be 30 percent or more. >> talk to us about the payroll tax? >> the payroll tax will go back to 6.2 percent. we are talking about two percentage points. the social security tax will weigh heavily on americans as well. >> alternative minimum tax to make sure the wealthiest paid taxes but this is effecting more people. when you do your taxes in the first part of 20 13u may look at your tax you are ...

Filed a grievance against owners saying this could be a violation of their collective bargaining agreement. and demaury smith who heads up the players union, sent this to the players tuesday. he said the decision by the owners to lock out the referees, jeopardizes your health and safety. contrary to some reports, we are not crossing any picket line. the referees are not on strike. the owners locked them out. we are actively reviewing any and all possible actions to protect you. >> the uproar cre...

Issue? >> reporter: well, jon, its a huge list of items that are now being saved until after election day. lets take a look. the sequester, those automatic cuts as part of last years debt deal, income taxes, rates go up, the marriage penalty is due to return, the alternative minimum tax which would effect millions more people, the estate tax, size will drop. the rates on taxable estates will jump. capital rates and dividends will increase. social security payroll taxes due to a jump from 4.2% to...

Saying this could be a violation of their collective bargaining agreement. and demaurice smith who heads up the players union sent this to the players tuesday. he said the decision by the owners to lock out the referees jeopardizes your health and safety. contrary to some reports, we are not crossing any picket line. the referees are not on strike. the owners locked them out. we are actively reviewing any and all possible actions to protect you. >> the uproar crescendoed to a point, this needs t...

Decisions without our input. i think that you are seeing -- in 1935. a contract in there. they could -- government contracted and we would pay 6.2% now and no sure what it was back then. of our taxes for the social skoort fund so that when we retired -- we would have income and it was a contract and we agreed with that. and if they are going to change the contract they have to listen to both sides as far as im concerned. >> so -- listen, whats inning. i want to come to you on this. when we come ...

Ah, no, sheryl crow, youre not the only one. nintendo just revealed its new video gaming system in years. >> the new wii console, high definition. nintendos competitor introduced the hd system years ago. still the wii system makes game play more adventurous and "world news now" got a sneak peek. >> hey, everyone. >> hey, everyone. its tina turinen, at an event in new york city. nintendo is showing off a new way to play video games. called the wii-u. coming to living rooms this november. now alon...

That conditions have acess. pete, what is the challenge this year? >> the challenge this is getting absentee ball on thes out to the military to get them back in time. well, it turns out the move back is not implemented and we still have ballots going out late if certain states are behind. and low response rates from states that are not creating a good picture. florida and colorado and ohio and virginia. florida with the highest and 6.2 and those requests are in?

Not be appropriately funding social security. so should we extend the payroll tax cut again in january? >> i have to say its a really tough call for exactly the points you make. on the one hand, the economy desperately needs stimulus, putting more money in peoples pocket, theyre going to spend it. on the other hand, because you have such a political debate around this very important program, and in principle that money was being made up. so we did the last two years, we had the payroll tax cut. ...

Quinn tile. 10.6% for the 20% to 40% income bracket. do the individual. do we have that? that includes fica. middle class is now 6.2%. >> thats absolute. still in same tax policy center according to romneys plan, the rich guys drop by 4%. >> im not debating that. >> its all comparative. >> thats an important discussion to have about whos really paying what. >> not like a pop-up chart. i expect charts with steven ratner is here. >> im the business guy. i like charts and graphs, numbers. im not po...

In his first term. >> he sure did. president obama went from roughly, i think 6.2% now to 8.2%. and remember, he promised us we would be far more better shape than we are today. january 10 of 2009, if you want to know exactly what will happen when the stimulus bill passes take a look at the report prepared by the head of his council of economic advisors. it forecast unemployment would be 6% today. last year the administration forecast for economic growth this year was 4%. that is twice the rate ...