Christianmichael Dutton
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David Fryer wrote:
Wicht wrote:Honestly, I don't know. When President Obama presented it, he did so as a rate cut. Whether it is a cut in the actual rate, or just the rate that is withheld, that I'm not sure one.Is there an actual cut in the tax rate? I thought the rate remained the same but the amount withheld was being lowered? That is at the end of the year you will still owe the same amount as you would have anyways.
Sorry. This is probably the wrong site to be asking this. :) I just saw the post and wondered about the wording.
It's a reduction of payroll taxes actually taken out that will equate to the stimulus amount per person/couple. That translates about $13-$15 per person per week. You'll get more if you're married.
Enjoy!
