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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=jsteele][quote=takoma][quote=Anonymous]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] If you are paying the maximum, then 2% is about $40 per week. Perhaps that's where the $40 figure comes from.[/quote] Most people get paid every two weeks. It's 40 dollars per paycheck. 52 weeks in a year equals 26 paychecks. $40 x 26 = $1040. [/quote]
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