"Fiscal cliff" is causing uncertainty about payroll tax

12/9/2012 | CNNMoney · CNNMoney

Uncertainty about the impending "fiscal cliff" is making it difficult for companies to prepare their payrolls for 2013. Employees have been paying 4.2% in payroll taxes during the past two years, but that rate could soon climb back up to 6.2%. Meanwhile, higher payroll taxes could also squeeze businesses by leaving consumers with less money to spend.

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CNNMoney · CNNMoney

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