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Reply to "Recalculate Your Nanny's Paycheck Withholding!"
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[quote=webbkathy]No, not at all 16:53. For two years, 2011 and 2012 the Social Security tax rate you paid went down from 6.2% to 4.2% (It never went down for your employer). That temporary rate change was called the "payroll tax holiday" (you can google it), and it expired, so the rate went back up. Everyone always had to pay taxes, just the amount changed. [/quote]
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