Thoughts on the Payroll Tax Cut Debate

We’ve been asked a lot of questions recently about the Payroll Tax and the debate in Washington about extending the Payroll Tax cut that’s been in effect for awhile.  As in any debate, there are positives and negatives to consider. Any payroll tax cut affects the bottom line for businesses as well as the government’s ability to pay benefits owed to a wide range of working and retired Americans. The Payroll Tax also has a direct affect on an individual’s paycheck.

Here’s a short segment on McRuer Money Minutes with a quick review of both sides of the debate.

If you have any questions or would like more information about how the Payroll Tax affects your business and/or your personal income, please give us a call and we’d be happy to talk things over with you.  816.741.7882