A Couple Reasons to Smile About
Women on Business
JANUARY 11, 2011
Allows businesses to take a 100% depreciation write-off for investments in certain new business equipment in 2010 and 2011. The bill reduced by 2% the amount of Social Security tax an individual employee would be required to pay. In 2011, workers will pay 4.2% tax on their income (up to $106,000 or so) as opposed to the normal tax of 6.2%.
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