Tax cut deal: 51 million will take home less

[Mtnjim]

NEW YORK (CNNMoney.com) – Despite a tax cut compromise that is supposed to keep everyone whole financially, if not better off, 51 million households will face a higher tax bill or a lower refund compared with this year.
The main culprit: The proposed payroll tax break would not be as generous for many low- and middle-income households as the tax cut it is replacing.

OOPS!!
The rest of the story is at link below.

STORY (http://money.cnn.com/2010/12/15/news/economy/payroll_tax_holiday/index.htm?hpt=T1)

[Kelsey]

@Mtnjim

OOPS!!
The rest of the story is at link below.

STORY (http://money.cnn.com/2010/12/15/news/economy/payroll_tax_holiday/index.htm?hpt=T1)

With all that I have been reading this is not too surprising. I am not an American but I try to keep up because everything that happens in the US affects us greatly.