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FISCAL CLIFF VOTE: How our congressmen voted on new tax deal
While the tax package Congress passed New Year's Day is expected to protect 99% of us from an income tax increase, most of us will still end up paying more federal taxes in 2013. That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.
January 2, 2013