Posts Tagged ‘tax holiday’
Payroll Tax “Holiday”? – The Grasshopper and the
This was a very bad idea! The amount withheld from your paycheck (matched by your employer) is not a “tax,” but a contribution to your Social Security retirement benefits. If you don’t pay in during those quarters, it reduces the benefits you will receive upon retirement. Ask the Social Security Administration for a calculation of your estimated benefits (which are based on how much you pay-in) and you will see what I mean! This “tax holiday,” like all holidays, costs you in ... Full Story
Big business tax holidays are bad for small business,
By Margot Dorfman If small business owners decided to stop paying our fair share of taxes, we'd be sent to jail. Big business tax dodgers want Congress to reward them with a tax holiday. The U. S. Women's Chamber of Commerce strongly opposes legislation in Congress that would reward U. S. multinational corporations with massive, unwarranted tax discounts to bring back hundreds of billions in U. S. profits they shifted offshore to avoid paying taxes in the first place. So ... Full Story
