How Will FICA Affect Your Paycheck?
Thursday, January 22nd, 2009I’ve blogged before on President Obama’s plan to raise income taxes on Americans making more than $250,000 a year.
But something that has not been in the spotlight quite as much is Obama’s proposal to raise the cap on the Federal Insurance Contributions Act (FICA). FICA is a tax that funds Social Security and Medicare.
Brian Compton, my associate and the President of Tax Resolution Services, was recently interviewed by Craig Clough
