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35-year-old "temporary" unemployment tax has finally ended

By: Nole Fan Tax Planning Views: 3137 | Comments: 0 | Votes: 0

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Virtually every private employer in the United States will get a tax cut today. It will not affect workers’ paychecks. But the expiration of a 35-year-old temporary unemployment tax - about $14 a year per worker - will mean real money for some big companies at a time when President Obama is pushing Congress to raise taxes on some businesses by closing loopholes. More