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Reply to "Senate and House GOP playing good cop/bad cop to block unemployment and payroll tax cut extension?"
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[quote=Anonymous][quote=Anonymous]OP here. So I was getting into my car yesterday evening and turned on NPR in the middle of a segment on the payroll tax issue and they were quoting these people saying something like "$40 is nothing to some people but it is a huge amount of money to me. It's the gas that gets me to work that week. It's x number of meals. Take $40 away from me and you would just about put me under." Apart from the gut churning feeling of knowing there are millions of people living in panic at the thought of losing $40 (a week?), I didn't hear the beginning and I was wondering where that $40 figure came from? Anybody know?[/quote] The cut is worth 2 percent of your salary, up to about $110,000. So, 40 bucks a month is about $1,000 a year, which is the savings to someone earnign $50,000. [/quote]
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