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NBC Politics - Boehner announces deal with Reid on end to payroll tax impasse
A worker's maximum earnings subject to the Social Security payroll tax this year is $106,800. In 2012 the taxable maximum will be $110,100. Roberton Williams, an analyst at the nonpartisan Tax Policy Center in Washington, said that 60 percent of an extended payroll tax cut would go to households making more than $100,000.
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Looks like GOP made a deal.
A worker's maximum earnings subject to the Social Security payroll tax this year is $106,800. In 2012 the taxable maximum will be $110,100. Roberton Williams, an analyst at the nonpartisan Tax Policy Center in Washington, said that 60 percent of an extended payroll tax cut would go to households making more than $100,000.
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Looks like GOP made a deal.