Detailed text transcripts for TV channel - MSNBC - 20130113:19:33:00
Withholding rate to 4.2% instead of the usual 6.2% for 2011 and 2012. it was called a payroll tax holiday and meant more money in the average paycheck but as of january 1st, the holiday's officially over 'cause congress did not extend it during the end of the year fiscal cliff debate. what did that mean for your friday pay stub? every $25,000 in annual salary, up to the threshold of $113,700, you will be paying $500 more in payroll taxes every year a work with a 15i7 -- $75,000 annual saw friday's paycheck coming up about $60 short. up next, more on this, after a brief commercial break. and mo...
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