Page 23 - Work Pay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Federal workers-- >> they're flat now. >> jonas. >> what, how do you explain that in the last ten years, the government workers climbed and private sector workers declined other than the economy doesn't need the private sector workers? >> yeah, but jonas, their pay went up over that period of time. private sector work pay went down. that's the problem. they shrunk as the pay went up. how does that make any sense. >> jonas, when you take, let's say, 1.7 million jobs direct. there's another 4 million indirect jobs that are all coming from the same source. we don't have the income to be able to d...

Independent contractor half the time, one of the things you overlook if you're a self-employed individual is you can deduct 100% of your health insurance premiums for those who are self-employed. unlike regular people or w-2 people who have a limit based on their agi of 7.5%. >> all right. also you say making work pay. >> yes. that's a great tax credit that came out a few years ago. if you're within the threshold, you can get a tax credit. a tax credit is better versus a deduction because it lowers your taxes dollar for dollar. once you pass the earned income of 75,000, your tax credit starts ...

>> thanks to the tax cuts we passed, americans' paychecks are a little bigger today. >> that is not quite true, mr. obama. while the payroll tax break in the tax cut deal will result in bigger paychecks for most americans, people making less than $20,000 or couples making less than $40,000 may actually see a drop of about $210 on average in their take-home pay. that's because of a tax break called making work pay for lower income earners has expired. guys. >> the republican or the second republican response a lot of people are saying but a tea party response, michele bachmann was throwing out ...

Gets no worse for barack obama with his democratic base than a headline that we saw from cbs news last night. unbelievable. >> this isn't going to help. there's a rhee port out, joe, that says the tax cut deal would actually slightly increase taxes for the poorest americans. the nonpartisan tax policy center compared the impact of the "make work pay" credit which expires under the deal to be payroll tax cuts that is in the plan, and that study says the payroll tax cut will on average put more money into the hands of more americans. the more an individual makes, the larger the tax relief will b...

About $,036. actually up. the returns are up about $266 from a year ago, but only half of americans have actually filed their taxes yet, according to the irs. what they're saying is, look carefully at the stimulus program. how it can help you, the provisions in there that can actually save you money. there's more than a dozen new benefits, folk, thanks to the stimulus program. making work pay is one. first-time home buyer credit. credits if you bought a new car in 2009. couldn't write off in 2008 but can in 2009 and can save as they said, people are saving about 10%, getting that much more bac...