Payroll Tax Vote Not Happening – It Will Cost Average American $40 Per Paycheck
If the payroll tax break we have all been receiving does not get extended it will cost the average American and extra $40 per paycheck.
If you get paid weekly that's an extra $160 a month you won't be getting in your check that you are getting now. If you get paid bi-weekly then it will cast you an extra $80 per month.
My question to you is this. Is losing $40 a week in your take home pay a big deal to you? To me it is. Everyone is in a different situation though. For me though that looks small, but the impact will be big over the course of a year. It really adds up when you consider things like increases in health insurance rates which I personally was hit with or next year, and I know many of you were as well.
Let me know how you feel about this issue.