Payroll Tax Cut Extended to the End of 2012

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On February 22, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012 into law, extending the 4.2 percent employee Social Security tax rate for wages paid through December 31, 2012. For more information, please refer to the following link: http://www.irs.gov/newsroom/article/0,,id=254723,00.html?portlet=107

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