social security payroll tax

Calculate How Much Of A Raise You'll Get On January 1

Calculate How Much Of A Raise You'll Get On January 1

By Phil Villarreal 12.28.10

As part of the extension of the Bush tax cuts, Social Security payroll tax will drop from 6.2 percent to 4.2 percent. That means you’ll be taking home more money each paycheck, even if your stingy employer has frozen your wages. [More]