Payroll tax deal includes extra taxes on top earners

12/27/2011 | Accounting Today · AdvisorOne

Congress's agreement to extend the payroll tax cut for two months includes a provision to "recapture" income taxes from high-income employees. The provision will require employers to withhold an additional 2% in taxes from workers whose total wages exceed $18,350 during January and February 2012.

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Accounting Today · AdvisorOne

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