Today at Berkeley Lab

January Paychecks Will Reflect Increased Payroll Tax

Many faculty and staff have kept an ear tuned to the current debate in Washington D.C. about the “Payroll Tax.” Last year’s Tax Relief Act of 2010 reduced the employee OASDI rate for 2011 from 6.2% to 4.2%. The rate is scheduled to go back to 6.2% starting January 1, 2012. Currently, the debate in Congress pertains to whether to keep the employee share of the OASDI at the 4.2% rate for either a portion of or all of calendar year 2012. As of yesterday, no legislation has passed extending the rate of 4.2%. More>

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  1. Hugh Higley says:

    Regarding January 1st. payroll’s increasing tax rate.
    I thought January 1st. payroll was payment for December’s work.
    Is this a retroactive tax increase covering wages earned in December?
    No reply necessary.