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According to the Tax Policy Center, a worker earning a $40,000 median wage will take home $800 less this year than in 2012, a 2.3 percent reduction. A single high earner making $120,000 will see his or her payroll tax bill jump more than $2,400, a 2.5 percent cut in take-home pay. That amount could move even higher because there's an extra 0.9 percent payroll tax for the highest earners, due to the Affordable Care Act
Read more: http://www.bankrate.com/finance/savings/beat-payroll-tax-increase-1.aspx#ixzz2nMvp9p55
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Read more: http://www.bankrate.com/finance/savings/beat-payroll-tax-increase-1.aspx#ixzz2nMvp9p55
Follow us: @Bankrate on Twitter | Bankrate on Facebook