Payroll Tax Cut Means More Money In Paychecks
NEW YORK (CBSNewYork.com) -- In this new year, workers will find more money in their paychecks.
The tax package signed by President Obama in December includes a two-percent cut in payroll taxes. This one-year reduction means the average American will get an extra $1,000 in take-home pay in 2011.
More details about how this impacts you can be found here. Here's how the withholding tax will be calculated.
