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Reply #1: What happened to the payroll tax reduction for those who do not pay income tax? Hope this is wrong! [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-09 09:38 PM
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1. What happened to the payroll tax reduction for those who do not pay income tax? Hope this is wrong!
-Approximately $115 billion for a $400 per-worker, $800 per-couple tax credits in 2009 and 2010. For the last half of 2009, workers could expect to see perhaps $13 a week less withheld from their paychecks starting around June. Millions of Americans who don't make enough money to pay federal income taxes could file returns next year and receive checks. Individuals making more than $75,000 and couples making more than $150,000 would receive reduced amounts.

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