Latest Breaking News On - Social security payroll tax - Page 11 : vimarsana.com

we ll bring you his news conference live right here on cnn. here s the breakdown of the plan. bush-era tax cuts get extended for rich, poor, and in between, but not forever, for two years, not permanently, as republicans had wanted. federal unemployment benefits get funded through the end of next year, for 13 months, while people with jobs get a one-year, two percentage point break in the payroll tax which funds social security, going from 6.2% to 4.2%. and a big get for the gop, a break in the so-called death tax or the estate tax. the white house agreed to cap the tax on estates worth more than $5 million at 35%. now, most americans pay more in social security tax than they do in federal income tax. if this compromise passes, the rate for 2011 will drop, as i said, from 6.2% to 4.2%. that s the portion that you pay on your check for social

Tax cutsNews conferenceGeorge bush srUnemployment benefitsSocial securityPayroll taxPoint break6 24 2Tens of millions hard working americansEstate taxSocial security payroll taxWhite houseDeath tax5 millionIncome tax